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Letter Of Intent For Appointment
"I need a Letter of Intent for Appointment to bring on a new Chief Technology Officer for my fintech startup, including specific conditions about share options and a proposed start date of March 2025, with emphasis on confidentiality during the negotiation period."
1. Date and Parties: Identification of sender and recipient with full legal names and addresses
2. Purpose Statement: Clear statement of intent regarding the proposed appointment
3. Role Description: Overview of the position or appointment being proposed
4. Key Terms: Principal terms of the proposed appointment including compensation, duration, and main responsibilities
5. Non-Binding Nature: Statement clarifying the non-binding nature of the letter (except for any specifically binding provisions)
6. Next Steps: Outline of the process toward formal appointment
7. Signature Block: Space for signatures and dates
1. Confidentiality Provisions: Used when sensitive information will be shared during negotiations - include when discussing confidential terms or sharing sensitive information
2. Exclusivity Period: Period during which parties agree not to negotiate with others - include when exclusive negotiations are required
3. Conditions Precedent: Conditions that must be met before formal appointment - include when specific requirements must be satisfied before proceeding
1. Draft Terms of Appointment: Preliminary version of main terms to be included in final agreement
2. Role Specification: Detailed description of the role and responsibilities
3. Timeline: Proposed schedule for finalizing the appointment
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