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1. Letter Date and Addresses: Full names and addresses of both parties, with proper business details
2. Opening Salutation: Formal greeting to the receiving party
3. Purpose Statement: Clear statement of intent to work together and brief overview of the collaboration purpose
4. Scope of Cooperation: General description of the intended areas of cooperation and shared objectives
5. Key Terms: Basic terms and conditions of the intended collaboration
6. Duration: Timeframe for the intended cooperation and validity period of the LOI
7. Non-Binding Nature: Clear statement about the non-binding nature of the LOI (except for specific binding provisions)
8. Next Steps: Outline of the process toward formal agreement and immediate action items
9. Closing and Signatures: Formal closing, signature blocks for authorized representatives
1. Exclusivity: Include when parties want to negotiate exclusively for a specific period
2. Confidentiality: Include when sensitive information will be shared during discussions
3. Cost Allocation: Include when preliminary expenses need to be addressed
4. Break Fee: Include when parties want to specify compensation if one party withdraws
5. Governing Law: Include when parties want to specify applicable law for binding provisions
6. Binding Provisions: Include to specify which provisions are legally binding (typically confidentiality, exclusivity, and governing law)
1. Project Overview: Detailed description of the proposed collaboration or project
2. Timeline: Proposed schedule for negotiations and implementation
3. Resource Allocation: Preliminary outline of resources each party intends to commit
4. Contact Details: List of key contacts from each party responsible for negotiations
Technology
Manufacturing
Professional Services
Healthcare
Education
Research & Development
Construction
Energy
Financial Services
Telecommunications
Retail
Logistics
Environmental Services
Media & Entertainment
Legal
Business Development
Executive Leadership
Strategy
Operations
Commercial
Project Management
Corporate Development
Partnerships
Risk Management
Compliance
Finance
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Corporate Lawyer
Strategic Partnership Manager
Project Manager
Chief Operating Officer
Commercial Director
Head of Strategy
Business Unit Director
Innovation Manager
Alliance Manager
Contract Manager
Chief Legal Officer
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