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Letter Of Intent For Business Venture
"Need a Letter of Intent for Business Venture under Singapore law to explore a potential joint venture with a Malaysian tech company for developing AI solutions, with a six-month exclusivity period starting January 2025."
1. Introduction: Identifies the parties and their intent to explore a business venture
2. Purpose: Clear statement of the proposed business venture and its objectives
3. Scope: Outline of the proposed collaboration or venture parameters
4. Timeline: Expected duration for negotiations and key milestones
5. Confidentiality: Terms regarding handling of sensitive information exchanged
1. Exclusivity: Terms for exclusive negotiations between parties for a defined period
2. Due Diligence: Framework for information sharing and verification process
3. Cost Sharing: Agreement on how preliminary costs will be shared between parties
4. Binding vs Non-Binding Provisions: Clear delineation of which provisions are legally binding and which are not
5. Good Faith Negotiations: Commitment to negotiate in good faith and with serious intent
1. Proposed Business Plan Overview: High-level summary of the proposed venture structure and objectives
2. Timeline Schedule: Detailed timeline of key milestones and deadlines
3. Initial Financial Framework: Preliminary financial terms and investment structure
4. Contact Details: List of key contacts and representatives from each party
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