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Letter Of Intent For Distributorship
"Need a Letter of Intent for Distributorship under Singapore law for our electronics company seeking exclusive distribution rights in Southeast Asia, with a strong focus on confidentiality and IP protection during the 6-month negotiation period starting January 2025."
1. Statement of Intent: Clear expression of parties' intention to enter into a distribution relationship
2. Parties' Information: Complete details of both manufacturer/supplier and potential distributor
3. Product Description: Brief description of products to be distributed
4. Territory: Proposed geographical area of distribution
5. Duration: Proposed timeframe for negotiating final agreement
6. Non-Binding Nature: Statement clarifying LOI is non-binding except for specific clauses
1. Preliminary Terms: Key commercial terms being considered for final agreement, used when parties want to document initial commercial understanding
2. Exclusivity Period: Period during which parties agree not to negotiate with others, used when exclusive negotiations are desired
3. Due Diligence: Framework for information sharing and verification, used when significant due diligence is required
1. Product List: Preliminary list of products to be distributed
2. Territory Map: Visual representation of proposed distribution territory
3. Initial Business Plan: High-level overview of proposed distribution strategy
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