LETTER OF INTENT
This Letter of Intent (the "Agreement") is entered into as of [Effective Date], by and between [Party A], [Entity Type], with an address at [Address] ("Party A"), and [Party B], [Entity Type], with an address at [Address] ("Party B").
1. Transaction overview. The parties intend to negotiate a definitive agreement for [Transaction Description] on the principal terms below.
2. Proposed terms. Key commercial terms under discussion include [Price or Valuation], [Timing], and [Other Key Terms].
3. Non-binding effect. Except for the Binding Provisions below, this letter is a statement of mutual intent and does not create a binding obligation to close.
4. Binding provisions. Confidentiality, exclusivity for [Exclusivity Period], and allocation of expenses are binding from the date of this letter.
Party A: [Party A] By: ________________________________ Name: [Signatory] Title: [Title]
Party B: [Party B] By: ________________________________ Name: [Signatory] Title: [Title]
