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.

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    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