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Letter Of Intent For Startup Business
"I need a Letter of Intent For Startup Business to present to potential investors for my AI-powered healthcare platform, including specific provisions for data protection and a 90-day exclusivity period starting March 2025."
1. Date and Parties: Full identification of all parties involved, including registered addresses and company details
2. Purpose Statement: Clear statement of intent regarding the proposed business venture and scope of the letter
3. Business Overview: Brief description of the proposed business concept, market opportunity, and basic business model
4. Timeline: Key dates and milestones for the proposed venture, including expected completion dates for definitive agreements
5. Confidentiality: Statement regarding confidential treatment of discussions and information shared between parties
1. Initial Investment: Proposed capital structure, investment terms, and preliminary valuation discussions
2. Exclusivity Period: Terms and duration of exclusive negotiation period, including any standstill provisions
3. Due Diligence: Outline of proposed due diligence process and requirements from both parties
4. Binding Nature: Clear statement of which provisions are binding (typically confidentiality and exclusivity) and which are non-binding
5. Costs and Expenses: Agreement on how costs associated with negotiations and due diligence will be handled
1. Business Plan Summary: High-level overview of business strategy, market analysis, and financial projections
2. Term Sheet: Preliminary terms of proposed transaction or partnership structure
3. Supporting Documents: List of relevant business registration documents, licenses, or permits to be provided
4. Key Personnel: List of key team members and their roles in the proposed venture
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