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Letter of Intent for Manufacturing Joint Venture
Negotiate the terms to set up a joint venture for a manufacturing facility in this Letter of Intent template.
- Parties. The parties in the joint venture are (i) the developer of certain products and technology, and (ii) a manufacturer with an existing plant which will be redeveloped and retrofitted to produce the products in exchange for a royalty on each sale.
- Management. The joint venturers plan to organize a limited liability company (LLC) to oversee and manage the operations, and the LLC will be managed by the plant owner.
- Technology and Resources. The developer will license technology and intellectual property to the LLC, and will provide plant employees. Technological, process and design improvements will be owned by the LLC for its duration.
- Confidentiality. 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 Letter of Intent for Manufacturing Joint Venture is a generic template which is not specific to any country or region.
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Letter of Intent for Exclusive Distributor
When negotiating a contract with a distributor to sell your products, it's a good idea to put the negotiating points down in writing in this Letter of Intent.
- The parties intend the distributor to have exclusive rights to distribute the products within a given territory, and a right of first refusal on additional territories.
- The distributor will be an independent contractor, and not an employee or agent of the supplier.
- The supplier will provide products of the highest quality, with all applicable warranties.
- Target markets are identified.
- 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, such as confidentiality provisions.
- This template is generic, not country specific, and can be used anywhere.
$12.49
Letter of Intent Template | Canada
Need a letter of intent but don't know how to create one? Use this easy Letter of Intent template for Canada.
- A letter of intent clarifies the points of discussion between the parties prior to preparing a formal agreement, and indicates to lenders, customers, contractors and suppliers that the parties intend to complete the transaction.
- The LOI is not legally binding for the most part, except for certain provisions such as confidentiality.
- Both parties agree not to discuss with, or consider offers from, any other party the matters being negotiated between them so long as the letter of intent is in effect.
- Each party agrees to pay a break-up fee as a penalty if the negotiations are terminated for any cause other than a breach of the LOI.
- The template can be used anywhere in Canada.
- Available in MS Word format and fully customizable.
$12.49
USA Convertible Note
Induce an investor to inject capital into a US company by offering a Convertible Note as security for repayment of the investment.
- All amounts due will become immediately due and payable upon any default by the borrower (Obligor).
- The indebtedness under the Note will be subordinated to all other indebtedness of the Obligor.
- The holder of the Note may at any time prior to maturity of the Note, convert all or any part of the outstanding indebtedness into shares in the capital of the Obligor.
- Prior to an initial public offering by the Obligor, the entire outstanding balance will be automatically converted into shares.
- The conversion price will be adjusted to protect the rights of the holder on the occurrence of a stock split, dividend, recapitalization, merger, consolidation or similar transaction.
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USA Finder's Fee Agreement for Identifying Potential Financings
Hire an agent to find potential investors or purchasers with this Finder's Fee Agreement for US based businesses.
- The parties to the Agreement are (i) a company looking for a source of financial backing and (ii) an agent who will introduce the company to potential investors or acquirers to complete a financing with the company.
- The definition of a financing includes acquisition or disposition of an interest in the company, equity investment, loans or other credit transactions, or acquisition by a publicly traded company.
- The agent will receive a finder's fee for each financing consummated by the company. The finder's fee will be paid in cash from the proceeds of the financing.
- If the financing is completed in several stages, the agent will be paid in portions corresponding to the stages of payments.
- The client will indemnify the agent against any claims arising as a result of material misrepresentation by the client of any of its corporate information.
Download the Finder's Fee Agreement and hire a professional to identify financing opportunities for your company.
$17.99