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Ce modèle a été préparé par: Aklima Bibi, Aklima Bibi

Instructions

This Will is ideal for assets valued at no more than £300,000. 

Letter of Intent

Private and Confidential
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The sender is:
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To:
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The recipient is:
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Date:
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SUBJECT TO CONTRACT
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Dear Sirs,
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Proposed Agreement: Letter of Intent.
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Introduction.
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Further to our recent discussions, the purpose of this letter is to set out the principal terms and conditions under which I, _____ (the First Party) agree to enter into
(the Proposed Agreement) with the _____ (the Second Party). The First Party and the Second Party are referred to as ‘each Party’ or ‘the Parties’ in this letter.
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The Intention.
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The obligations of the parties to consummate a binding contract in the form of the Proposed Agreement are subject to the negotiation and execution of the Proposed Agreement. Accordingly, this letter of intent does not constitute a legally binding agreement, provided that the provisions set forth in paragraphs _____ _____ _____ _____ _____ below and this paragraph shall be binding upon the parties and shall survive the termination.
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The Parties.
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The parties to this transaction are limited to the entities listed above.
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What do you want to use?
Term gives you flexibility during the negotiations or you can use option "Timescale" if you are sure about the date of the final agreement being signed.
Term gives you flexibility during the negotiations or you can use option "Timescale" if you are sure about the date of the final agreement being signed.
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Timescale.
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The Parties agree to negotiate in good faith with a view to signing the final written Proposed Agreement on or before
.
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Notice to terminate.
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may at any time, by giving notice to the other in writing, terminate negotiations for the Proposed Agreement, without having the obligation to provide any reasons for doing so.
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The Party giving notice will not incur any financial liability to any other Party, unless it has breached a legally binding obligation of this letter as set out in Clause _____.
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Obligations of Parties under the Proposed Agreement.
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Under the Proposed Agreement, the First Party’s primary obligations are:
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;
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Under the Proposed Agreement, the Second Party’s primary obligations are:
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;
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Cost.
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Each Party shall be responsible for its own costs in connection with the Proposed Agreement, whether or not it proceeds (including without limitation to the preparation and negotiation of this letter, the negotiation and drafting of the Proposed Agreement and any documents contemplated by it).
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Do you want to add confidentiality clause?
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Do you want to add an exclusivity?
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Do you want to add non-solicitation clause?
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Other Agreements.
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Where they exist, any agreements between the Parties will continue to apply to this letter and shall remain in full force and effect and are not affected by anything in this letter.
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Rights and Remedies.
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Each Party agrees that damages alone would not be an adequate remedy for any breach of a legally binding obligation by the other Party under this letter. In such an event, the non-defaulting Party shall be entitled to the remedies of an injunction, specific performance or other equitable relief in addition to any other remedy including damages.
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Third-Party Rights.
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The Parties hereby expressly agree that any person who is not a party to this letter shall have no right to enforce any term of this letter or against either of the Parties pursuant to the Contracts (Rights of Third Parties) Act 1999.
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Counterparts.
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This letter may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.
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Governing law and Jurisdiction.
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This letter and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and interpreted in accordance with the laws of England and Wales.
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Commencement and signature.
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The agreement in this letter will take effect from the time that the First Party receives the signed duplicate agreement from the Second Party and will remain in effect until superseded by the Proposed Agreement or notice to terminate negotiations or other equivalent to termination (including insolvency of one of the Parties or the performance of the obligations as set out in Clause _____ ).
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Please acknowledge your understanding and acceptance of the terms of this letter by counter-signing below within
from receipt, failing which we will assume that you do not wish to proceed.
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Yours faithfully,
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_____
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__________________________________
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_____
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I _____ acknowledge receipt of your letter date _____ , and accept and agree on its terms
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__________________________________
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_____
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