Letter of Intent
A Letter of Intent is a written preliminary contractual arrangement (also sometimes entitled “memorandum of understanding” or “heads of agreement” or "term sheet") which usually precedes immediate commencement of negotiation of a definitive contract.
LETTER OF INTENT
Article 1. Contemplated transaction
Article 2. Negotiations
Article 3. Exclusivity
Article 4. Standstill
Article 5. Non-binding nature
Article 6. Expenses
Article 7. Duration
Article 8. Confidentiality
Article 9. Governing law
Article 10. Dispute resolution
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