Partnership Letter of Intent

A Partnership Letter of Intent (LOI) is a non-binding document that outlines the key terms and conditions of a proposed partnership or transaction. It typically includes provisions for the purpose and scope of the partnership, the contributions and responsibilities of each party, and the timeline and process for negotiating and finalizing a definitive agreement. The LOI may also address issues such as exclusivity, confidentiality, and the allocation of costs and expenses. A Partnership Letter of Intent helps to provide a framework for further discussions and negotiations, and can help to ensure that both parties are aligned on the key terms and expectations before committing significant resources or entering into a binding agreement.