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Commercial Letter Of Intent
"I need a Commercial Letter of Intent for a potential acquisition of a Singapore-based technology company, including strict confidentiality provisions and a 90-day exclusivity period starting March 2025."
1. Identity of Parties: Full legal names and addresses of all parties involved in the Letter of Intent
2. Expression of Intent: Clear statement of the parties' intention to enter into negotiations and the non-binding nature of the LOI (except for specific clauses)
3. Subject Matter: Detailed description of the proposed transaction or business arrangement being contemplated
4. Key Commercial Terms: Outline of the major commercial terms being considered for the definitive agreement
5. Timeline: Proposed timeline for negotiations and execution of definitive agreements
6. Binding Provisions: Specific provisions that are intended to be legally binding (typically confidentiality, exclusivity, and governing law)
1. Exclusivity: Used when parties agree to negotiate exclusively with each other for a defined period
2. Break Fee: Specifies compensation payable if negotiations fail under certain circumstances
3. Due Diligence: Outlines the scope and process for preliminary investigation of assets/business
4. Confidentiality: Detailed provisions for handling sensitive information shared during negotiations
5. Costs and Expenses: Allocation of costs incurred during the negotiation process
1. Term Sheet: Detailed summary of key commercial terms being considered for the definitive agreement
2. Timeline Schedule: Detailed breakdown of proposed timeline, key milestones, and deadlines
3. Corporate Authority Documents: Evidence of authority to enter into negotiations and execute the LOI
4. Initial Business Terms: Preliminary outline of proposed business terms, pricing, or other commercial arrangements
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