A form of letter of intent, designed for use when U.S. law applies, this document is formatted as a letter from one party to the other and contains both binding and non-binding language.
It contains 10 main sections covering
- overview of proposed transaction
- negotiation of definitive agreements
- press releases
- binding / non-binding nature of letter of intent
- earnest money
- governing law
The document is flexible enough to accommodate almost any type of transaction where U.S. law applies.
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