Non Binding Letter Of Intent Template

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Non Binding Letter Of Intent Template

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Non-Binding Letter of Intent Template (1)
Between:
[Name of Party A]
[Party A’s Address]
[Party A’s Phone]
[Party A’s Email]
And:
[Name of Party B]
[Party B’s Address]
Introduction:
This Letter of Intent expresses the intentions of both parties in relation to the potential collaboration regarding [Brief Description of Project or Purpose].
Clause 1: Purpose
The purpose of this Letter of Intent is to outline the intentions of both parties during the negotiation of a future agreement, including but not limited to: [Specify intentions].
Clause 2: Negotiation Terms
Both parties agree to negotiate in good faith to reach a definitive agreement by [Expected Date].
Clause 3: Confidentiality
Both parties agree to maintain the confidentiality of all information exchanged during this negotiation process.
Clause 4: No Obligation
This Letter of Intent is non-binding and does not create any legal obligations for either party. Any further agreement must be made in writing and signed by both parties.
Clause 5: Governing Law
This Letter of Intent will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Party A]
[Name of Party A]
[Signature of Party B]
[Name of Party B]
Non-Binding Letter of Intent Template (2)
Between:
[Name of Party A]
[Party A’s Address]
[Party A’s Phone]
[Party A’s Email]
And:
[Name of Party B]
[Party B’s Address]
Introduction:
This Letter of Intent outlines the preliminary understanding between the parties regarding [Project Description], which may lead to a future formal agreement.
Clause 1: Intent to Collaborate
The parties intend to collaborate on: [Details of the collaboration].
Clause 2: Discussion Period
The discussions shall continue until [End Date], with the aim of reaching a definitive agreement.
Clause 3: Non-Disclosure Agreement
Both parties shall enter into a non-disclosure agreement to protect confidential information shared during the discussions.
Clause 4: Non-Binding Nature
This Letter of Intent does not create any binding obligations but serves as a mutual expression of intent to proceed with negotiations.
Clause 5: Jurisdiction
This Letter of Intent shall be governed by the laws of [Applicable Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Party A]
[Name of Party A]
[Signature of Party B]
[Name of Party B]

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Format

Please complete the form below to create the Non-Binding Letter of Intent Template. All fields must be filled out to ensure a clear and comprehensive understanding between the parties. We provide examples to guide you through each step.

Non-Binding Letter of Intent Template

1. Parties Involved



2. Purpose of the Letter

3. Background Information

4. Proposed Terms

5. Confidentiality Agreement

6. Non-Binding Clause

7. Duration of Understanding

8. Mutual Agreements

9. Signatories




10. Date of Agreement

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Non Binding Letter Of Intent Template

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Non Binding Letter Of Intent Template