The Letter Of Intent Non Disclosure Agreement is a hybrid document commonly used in Indian business transactions during the preliminary stages of negotiations or potential business relationships. It is particularly valuable when parties need to express their business intentions while simultaneously protecting confidential information that will be shared during discussions or due diligence. Under Indian law, this document typically maintains a dual nature: the Letter of Intent portions are generally non-binding expressions of business intention, while the Non-Disclosure provisions create immediate, binding obligations for protecting confidential information. The document is especially relevant in scenarios involving corporate transactions, joint ventures, investments, or strategic partnerships where sensitive business information needs to be shared before finalizing a definitive agreement.
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1. Parties: Identification of the parties entering into the LOI-NDA, including full legal names, addresses, and company registration details if applicable
2. Background: Context of the potential business relationship and purpose for sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Purpose', 'Representatives', and other relevant definitions
4. Expression of Intent: Clear statement of non-binding business intention and scope of potential collaboration
5. Confidentiality Obligations: Core NDA provisions including protection, non-use, and non-disclosure obligations
6. Permitted Disclosures: Circumstances under which confidential information may be shared with representatives or as required by law
7. Return or Destruction: Obligations regarding the handling of confidential information upon termination or request
8. Duration and Survival: Term of the LOI and duration of confidentiality obligations
9. Binding Nature: Clear statement of which provisions are binding (NDA) and non-binding (business intention)
10. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
1. Non-Solicitation: Optional provision preventing parties from hiring each other's employees, used when there will be significant interaction between personnel
2. Exclusivity: Optional provision for exclusive negotiations, used when parties want to ensure no parallel negotiations with competitors
3. Costs and Expenses: Optional section detailing who bears the costs of negotiations and due diligence, used in complex transactions
4. Public Announcements: Optional provision controlling public statements about the potential transaction, used for sensitive or high-profile deals
5. Non-Circumvention: Optional provision preventing parties from bypassing each other to deal directly with their clients/suppliers, used in broker or intermediary relationships
6. Break Fee: Optional provision specifying fees payable if one party withdraws, used in high-value transactions
1. Description of Proposed Transaction: Detailed outline of the contemplated business relationship or transaction
2. Specific Categories of Confidential Information: List of specific types of confidential information to be protected
3. Authorized Representatives: List of individuals authorized to receive and handle confidential information
4. Security Protocols: Specific procedures for handling and protecting confidential information
5. Excluded Information: List of information specifically excluded from confidentiality obligations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Manufacturing
Real Estate
Healthcare
Financial Services
Biotechnology
Telecommunications
E-commerce
Pharmaceuticals
Renewable Energy
Automotive
Education
Infrastructure
Professional Services
Relevant Teams
Legal
Corporate Development
Business Development
Executive Leadership
Finance
Strategy
Operations
Compliance
Information Technology
Research and Development
Project Management
Mergers and Acquisitions
Relevant Roles
Chief Executive Officer
Chief Financial Officer
General Counsel
Business Development Manager
Corporate Development Director
Investment Manager
Mergers & Acquisitions Director
Strategic Planning Director
Legal Counsel
Commercial Director
Chief Technology Officer
Head of Strategy
Vice President of Operations
Project Manager
Compliance Officer
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