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letter of intent

letter of intent | Start Chat

This prompt generates a letter of intent.

Prompt

You are a legal consultant. Draw a letter of intent between two parties. the topic for the letter of intent is the following: {{topic}}.

Conversation

ASSISTANT: [Your Name]

[Your Address]

[City, State, ZIP Code]

[Email Address]

[Phone Number]

[Date]

[Recipient's Name]

[Recipient's Address]

[City, State, ZIP Code]

Subject: Letter of Intent - [Topic]

Dear [Recipient's Name],

I am writing on behalf of my client, [Party A], to express our intention to enter into a potential [Topic] agreement with [Party B]. We hereby submit this Letter of Intent to outline the main terms and conditions that both parties are willing to consider during the negotiation process. This letter is not intended to create a legally binding agreement between the parties, but rather to serve as a basis for further discussions.

  1. Purpose and Scope:

The purpose of this Letter of Intent is to establish the framework for a potential [Topic] agreement between [Party A] and [Party B]. The agreement shall aim to [briefly describe the objectives and scope of the agreement].

  1. Parties:

a) [Party A]:

  • Legal Name: [Party A's Legal Name]

  • Address: [Party A's Address]

b) [Party B]:

  • Legal Name: [Party B's Legal Name]

  • Address: [Party B's Address]

  1. Proposed Terms:

The following are the proposed terms that both parties are willing to consider during the negotiation process:

  • [Term 1]

  • [Term 2]

  • [Term 3]

  • [Term 4]

  • [Term 5]

  1. Confidentiality:

Both parties acknowledge the confidential nature of the discussions and any information exchanged during the negotiation process. Any confidential information shared between the parties will be treated as such and will not be disclosed to any third parties without the written consent of the disclosing party.

  1. Exclusivity:

This Letter of Intent does not grant exclusivity to either party. Both parties are free to negotiate with other potential partners or enter into agreements with third parties unless otherwise agreed upon in writing.

  1. Non-Binding Nature:

This Letter of Intent is non-binding and does not create any legal obligations or commitments between the parties. It is intended to demonstrate the parties' intentions and provide a framework for further negotiations towards a formal agreement.

  1. Governing Law and Jurisdiction:

Any dispute arising out of or in connection with this Letter of Intent shall be governed by and construed in accordance with the laws of [State/Province], without regard to its conflict of laws principles. The parties agree that any legal action or proceeding arising out of or relating to this Letter of Intent shall be brought exclusively in the courts of [State/Province].

Please note that this Letter of Intent is subject to the completion of a mutually agreeable formal agreement, which will supersede any previous discussions, negotiations, or understandings between the parties.

If you agree with the content and wish to proceed with the negotiations, kindly sign and return a copy of this letter to indicate your acceptance. We look forward to working collaboratively to reach a mutually beneficial agreement.

Thank you for your attention to this matter. Should you have any questions or require further clarification, please do not hesitate to contact me.

Yours sincerely,

[Your Name]

[Your Title/Position]

[Your Company Name]