Letter Of Intent For Partnership Agreement Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Letter Of Intent For Partnership Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Letter Of Intent For Partnership Agreement

"I need a Letter of Intent for Partnership Agreement for a proposed joint venture between my tech consulting firm and a software development company, with a six-month exclusivity period and completion targeted for March 2025."

Document background
A Letter of Intent for Partnership Agreement is commonly used in the initial stages of partnership negotiations to establish preliminary understanding between parties. This document, governed by English and Welsh law, typically includes proposed terms, timelines, and conditions for the intended partnership. While primarily non-binding, it often contains certain binding elements such as confidentiality and exclusivity provisions. The LOI serves as a roadmap for further negotiations and helps prevent misunderstandings while demonstrating commitment to the process. It's particularly useful when complex partnerships are being considered and detailed due diligence is required.
Suggested Sections

1. Letter Date and Addresses: Formal letter heading with date and party addresses

2. Purpose Statement: Clear statement of intent to enter into partnership

3. Proposed Partnership Structure: Overview of intended partnership arrangement including proposed roles, responsibilities, and ownership structure

4. Key Commercial Terms: Main business terms and conditions including financial arrangements, profit sharing, and key operational aspects

5. Timeline: Proposed timeline for partnership formation and key milestones

6. Non-Binding Nature: Statement clarifying the non-binding nature of the letter except for specific clauses like confidentiality

7. Signature Blocks: Space for parties to sign and date the letter

Optional Sections

1. Exclusivity Period: Terms specifying a period during which parties cannot negotiate with others regarding similar arrangements

2. Confidentiality Provisions: Terms governing the handling and protection of confidential information exchanged during negotiations

3. Due Diligence Process: Outline of proposed due diligence approach and requirements

4. Cost Allocation: Terms specifying how costs will be shared during the negotiation period

Suggested Schedules

1. Term Sheet: Detailed outline of key commercial terms and conditions proposed for the partnership

2. Timeline Schedule: Detailed timeline showing key dates, milestones, and deadlines for partnership formation

3. Initial Business Plan: High-level outline of the proposed business strategy and objectives

4. Due Diligence Requirements: Comprehensive list of required documentation and information for due diligence

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Industries

Partnership Act 1890: Primary legislation defining partnerships, establishing basic rights and obligations, setting default rules for business partnerships, and governing partner relationships and liabilities

Limited Partnerships Act 1907: Legislation governing structured partnerships, defining different types of partners and their respective liabilities

Companies Act 2006: Key legislation for partnerships involving corporate entities, including registration requirements and corporate governance

Law of Property (Miscellaneous Provisions) Act 1989: Contract law legislation relevant for formation and execution of partnership agreements

Competition Act 1998: Legislation governing market competition aspects of partnerships and business arrangements

Enterprise Act 2002: Additional competition law framework affecting business partnerships and market conduct

UK GDPR and Data Protection Act 2018: Data protection legislation governing the handling and sharing of personal data between partners

Trade Marks Act 1994: Intellectual property legislation relevant for partnerships involving trademark rights sharing or transfer

Copyright, Designs and Patents Act 1988: Legislation governing intellectual property rights in partnerships, including copyright and patent considerations

Transfer of Undertakings (Protection of Employment) Regulations 2006: Employment law regulations protecting employees' rights during business transfers and partnership formations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Venture Partner Agreement

find out more

Vacation Home Partnership Agreement

find out more

Trucking Partnership Agreement

find out more

Term Sheet For Partnership Agreement

find out more

Temporary Partnership Agreement

find out more

Technology Partnership Agreement

find out more

Technical Partnership Agreement

find out more

Strategic Technology Partnership Agreement

find out more

Strategic Alliance Partnership Agreement

find out more

Startup Partnership Agreement

find out more

Standard Partnership Agreement

find out more

Sponsorship Partnership Agreement

find out more

Software Partnership Agreement

find out more

Software Partner Agreement

find out more

Shareholders Agreement Joint Venture

find out more

Service Partner Agreement

find out more

Simple 50 50 Partnership Agreement

find out more

Simple Partnership Dissolution Agreement

find out more

Simple Limited Partnership Agreement

find out more

Restaurant Profit Sharing Agreement

find out more

Revenue Share Partnership Agreement

find out more

Secret Partner Agreement

find out more

Sales Cooperation Agreement

find out more

Salaried Partner Agreement

find out more

Real Estate Limited Partnership Agreement

find out more

Real Estate Joint Venture Agreement

find out more

Real Estate Channel Partner Agreement

find out more

Property Partnership Agreement

find out more

Profit Sharing Ratio Partnership Agreement

find out more

Profit Sharing Agreement In Business Partnership

find out more

Profit And Loss Partnership Agreement

find out more

Production Partnership Agreement

find out more

Product Partnership Agreement

find out more

Preliminary Partnership Agreement

find out more

Preferred Partnership Agreement

find out more

Preferred Partner Agreement

find out more

Pre Partnership Agreement

find out more

Photography Partnership Agreement

find out more

Pharmacy Partnership Agreement

find out more

Partnership Subscription Agreement

find out more

Partnership Service Agreement

find out more

Partnership Purchase Agreement

find out more

Partnership Framework Agreement

find out more

Partnership Contribution Agreement

find out more

Partnership Contract Between Two Companies

find out more

Partnership Buy In Agreement

find out more

Partnership Agreement Profit Sharing

find out more

Partnership Agreement Between Two Parties

find out more

Partnership Agreement Between Two Individuals

find out more

Partnership Agreement Between Three Individuals

find out more

Nonprofit Partnership Agreement

find out more

Non Equity Partnership Agreement

find out more

Non Equity Partner Agreement

find out more

Mou For Event Partnership

find out more

Model Collaboration Agreement

find out more

Memorandum Of Understanding Between Two Partners

find out more

Media Partner Agreement

find out more

Marketing Collaboration Agreement

find out more

Managing Partner Agreement

find out more

Long Term Partnering Agreement

find out more

Livestock Partnership Agreement

find out more

Limited Partnership Purchase Agreement

find out more

Limited Partnership Interest Purchase Agreement

find out more

Limited Partnership Dissolution Agreement

find out more

Limited Partnership Agreement

find out more

Lifetime Partnership Agreement

find out more

Letter Of Intent Joint Venture

find out more

Letter Of Intent For Partnership Agreement

find out more

Joint Venture Offer Letter

find out more

Joint Partnership Agreement

find out more

International Business Partnership Agreement

find out more

Internal Agreement Between Partners

find out more

Informal Partnership Agreement

find out more

Influencer Partnership Agreement

find out more

Industrial Partner Agreement

find out more

Implementation Partner Agreement

find out more

Hotel Partnership Agreement

find out more

Home Buying Partnership Agreement

find out more

General Partnership Dissolution Agreement

find out more

General Cooperation Agreement

find out more

Fundraising Partnership Agreement

find out more

Food Delivery Partner Agreement

find out more

Fixed Share Partnership Agreement

find out more

Family Partnership Agreement

find out more

Family Limited Partnership Agreement

find out more

Family Business Partnership Agreement

find out more

Exclusive Channel Partner Agreement

find out more

Equity Partnership Agreement

find out more

Equal Partnership Agreement

find out more

Entertainment Partnership Agreement

find out more

Distribution Partnership Agreement

find out more

Delivery Partnership Agreement

find out more

Delivery Partner Agreement

find out more

Commission Partnership Agreement

find out more

Collaboration Agreement Letter

find out more

Collaboration Agreement Between Two Companies

find out more

Collaboration Agreement Between Builder And Owner

find out more

Co Branding Partnership Agreement

find out more

Club Partnership Agreement

find out more

Channel Partner Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.