Letter of Intent for Research Funding and Development of Products

Write up a Letter of Intent for research funding, development and commercialization of products, with this easy-to-use template. The Letter of Intent outlines the discussions regarding a proposed relationship between a research institution and a company which wishes to fund a particular field of research. Key points of the Letter of Intent include:

• Both parties agree to keep all information confidential, and to continue to negotiate in good faith the terms of a definitive final agreement.
• The company will fund the research in exchange for the opportunity to develop and produce marketable products resulting from the research, and to acquire rights in the underlying intellectual property and patents.
• The Letter of Intent itself is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations between the parties.

This generic Letter of Intent for Funding and Development is provided in MS Word format, and is fully editable to fit your circumstances.