R850.00

Letter of Intent Precedent

This Letter of Intent (LOI) Includes provion for:

  • Commencement Date
  • Conditions precedent: eg a feasibility study or due diligence investigation
  • Allows for a termination notice period
  • Provides for confidential information
  • Provides for exclusive negotiations
  • Disputes clause

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  • Easy to customise
  • Includes notes/instructions
  • Use in Microsoft word
  • Printable
  • Drafted by a lawyer with over 13 years experience
  • A4
  • Place on your letterhead

CH Legal specialises in commercial law, corporate law, mining and construction. Protect your rights with a professional contract. Dont wait for a dispute until you protect your rights and your business.

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Description

LETTER OF INTENT

A Letter of Intent (LOI):

Is a letter setting out tge terms (on a high level) basis that the parties wish to contract.

The LOI can be binding or non-binding – depending on the intention of the parties. Usually the parties are still in negotiation and the definitive terms must still be agreed by way of a definitive contract (usually a joint venture agreement). This depends on whether the Letter of Intent includes the essential terms for the type of contract, which you wish to enter into (ie includes the definitive terms).

 

Letter of Intent

 

This LOI Includes provion for:

  • Commencement Date
  • Conditions precedent: eg a feasibility study or due diligence investigation
  • Allows for a termination notice period
  • Provides for confidential information
  • Provides for exclusive negotiations
  • Disputes clause

This LOI provides for the first step in negotiations and can be used for any project or collaboration. Note, unless the essential terms are agreed, a definitive agreement (eg a Joint Venture Agreement) is still required.

Find a Joint Venture Agreement: Click Here

The Parties can also choose to enter into a Memorandum of Agreement / also known as a Heads of Agreement. This usually implies that the parties wish to enter into a binding agreement as opposed to only indicating their intent to contract.

For an  MOU: Click here

Contact us at cherine@chlegalconsulting.com

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