This document is a Heads of Term (HOT) to express the serious intention to advance the joint venture in good faith. However, the HOT is not legally binding. Mr. or Mrs.: [Name of consignee to receiving institution]: [Name of offering institution] offers this letter of intent (« letter ») which sets out the mutual intention of the two institutions to cooperate and enter into a proposed commercial agreement between [offering institution] and [receiving institution] with respect to: [Describe the nature of the proposed agreement]. This letter sets out the terms and conditions that [the offering institution] intends to use as essential terms and conditions for the proposed agreement. This letter in its entirety replaces all communications that have already taken place between the parties. The proposed terms and conditions are as follows: They also include a Memorandum of Understanding (MOU) under which the situation of the joint venture (jv) will proceed in good faith, although the letter of intent is not legally binding. 9. Additional Terms and Conditions: [Include all relevant terms and conditions tailored to your specific agreement, i.e. Additional Consideration, future negotiations, liabilities, conditions precedent, closing dates, obligation not to compete, costs, arbitration agreement, jurisdiction clause, etc.] If [name of recipient institution] finds the terms of this letter acceptable and reflects the intentions of both parties, please demonstrate that intention by signing and returning this letter to the principal place of business of the [offering institution] as indicated in the opening of this letter, no later than the 2nd ownership: the share capital of the joint venture is ___________ receiver] fifty percent (50). This document can be used for national and international joint ventures. This letter of intent describes the agreement between {Organization A} and {Organization B} regarding the joint venture of {joint venture}. Nothing will immediately be considered legally binding on either party until it is documented in a formal written contract signed by both parties.

1. Overall structure: The common objective of the parties is to create `[name of new undertaking being set up`, hereinafter referred to as `new undertaking`]`, an undertaking jointly owned by [the offering institution] and [the receiving establishment]. The general objective and structure of [New Entity] is defined as follows:[Describe in detail the nature of the proposed enterprise, including the responsibilities and benefits of both institutions, the structure of the new enterprise, the purpose of the creation of a new enterprise] [The offering institution] accepts: [Obligations of the offering institution] [Receiving institution] Accepts: [Obligations of the receiving institution] Attached a description of the effort and the resources that [New Entity] will allocate to this project, as well as a budget. The proposed budget period is [number of years] years, from [date] to [date]. The total budget for [New Entity] is ______ ($_) dollars, which [Details budget numbers for the main expense category, e.B. Facilities and administrative costs ____ (____)dollars, salaries__________ ($___), etc.] This Letter of Intent is used by a Party who wishes to enter into a draft commercial agreement with another Party. The MOU outlines the main terms and conditions of the proposed agreement. It includes the purpose of the business unit, the percentage of each party`s participation and other additional conditions. This document also includes instructions and a checklist for creating an effective statement of intent. It should be led by a party se. can be used. show more fun to enter a company with another party.

The privileged intention of the parties is to create a new Community company in which they would transfer their existing interests. The Parties will consider other appropriate structures if this becomes necessary or desirable due to fiscal and economic profitability. . Thank you for your attention and your approval of this agreement. We look forward to working with you. C. [Describe any additional financial contribution for goods or services to be provided by both parties that do not fall under paragraphs 7A or B]. Chad Hagan Exclusivity and Confidentiality Agreement 6th Public Announcement: Neither institution may make a public announcement regarding these negotiations or a public announcement regarding the creation of [new entity] without the express consent of both parties. 3. Negotiations: The institutions agree to open negotiations under this letter and to determine whether such cooperation is viable for both parties.

The two institutions agree not to enter into negotiations or to request information or negotiations with third parties from the date of receipt of this letter until the duration of the negotiations has been completed, either in accordance with the terms of this letter or by mutual agreement of the institutions that the negotiations have ended. 4. Confidentiality: In the event that confidential information is to be exchanged between the parties as a result of negotiations in accordance with the terms of this letter, both parties agree to make every effort to keep all information confidential. .