Letter of Intent for Joint Venture to Develop Manufacturing Plant

Are you planning a joint venture to develop a manufacturing facility? Make sure all parties agree on the terms prior to signing a formal agreement by putting them in writing in this Letter of Intent to Develop a Manufacturing Plant. Key points of the Letter of Intent include:

• The joint venture will be created between a developer of certain products and technology, and a manufacturer with an existing plant which will be redeveloped and retrofitted to produce the products in exchange for a royalty on each sale.
• The joint venturers will organize a limited liability company (LLC) to oversee and manage the operations, and the LLC will be managed by the plant owner.
• The developer will license technology and intellectual property to the LLC for the purposes of the joint venture, and will provide plant employees. Technological, process and design improvements will be owned by the LLC for its duration.
• The parties agree to keep all information confidential, and to continue to negotiate in good faith until either a definitive agreement is executed or the letter of intent expires.

This generic Letter of Intent to Develop Manufacturing Plant is provided in MS Word format, and is fully editable to fit your circumstances.