COMPANY LETTERHEAD
{{company_name}}
{{company_address}}
Tel: {{phone}}
Email: {{email}}
Website: {{website}}
DATE
{{date}}
ADDRESSEE
{{addressee_name}}
{{addressee_title}}
{{addressee_company}}
{{addressee_address}}
SUBJECT: LETTER OF INTENT REGARDING {{transaction_subject}}
Dear {{addressee_name}},
This Letter of Intent (“LOI”) sets forth the understanding and intent between {{your_company_name}} (hereinafter referred to as “{{your_company_short_name}}”) and {{addressee_company}} (hereinafter referred to as “{{addressee_company_short_name}}”) regarding a potential {{type_of_transaction}} concerning {{brief_description_of_transaction}}.
1. NON-BINDING NATURE
This LOI is intended to serve as a framework for discussion and does not create any legally binding obligations on either party, except for the provisions specifically stated to be binding herein (e.g., confidentiality). A binding agreement will only arise upon the execution of a definitive agreement, which will supersede this LOI in its entirety.
2. PROPOSED TERMS
Based on our preliminary discussions, the key proposed terms for the {{type_of_transaction}} are as follows:
a. **{{term_1_heading}}**: {{term_1_details}}
b. **{{term_2_heading}}**: {{term_2_details}}
c. **{{term_3_heading}}**: {{term_3_details}}
(Add additional terms as necessary)
3. DUE DILIGENCE
{{your_company_short_name}} shall be granted a period of {{due_diligence_period}} days, commencing from the date of mutual execution of this LOI, to conduct its due diligence review of {{addressee_company_short_name}} and the proposed {{transaction_subject}}. {{addressee_company_short_name}} agrees to provide customary access to its records, facilities, and personnel during this period.
4. EXCLUSIVITY
In consideration of the resources to be expended by {{your_company_short_name}} in conducting its due diligence, {{addressee_company_short_name}} agrees to negotiate exclusively with {{your_company_short_name}} for a period of {{exclusivity_period}} days from the date of this LOI. During this exclusivity period, {{addressee_company_short_name}} will not, directly or indirectly, solicit, initiate, or engage in discussions or negotiations with any third party concerning a {{type_of_transaction}} for the {{transaction_subject}}.
5. CONFIDENTIALITY
Both parties agree to treat all information exchanged during the course of due diligence and negotiations as strictly confidential, in accordance with the terms of the Confidentiality Agreement signed on {{confidentiality_agreement_date}} (or, if no separate agreement, in accordance with the general principles of confidentiality).
6. GOVERNING LAW
This LOI shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.
SIGNATURE BLOCK
Sincerely,
_____________________________
{{your_name}}
{{your_title}}
{{your_company_name}}
Agreed and Accepted:
_____________________________
{{addressee_name}}
{{addressee_title}}
{{addressee_company}}
Date: _______________
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