USA Finder's Fee Agreement for Identifying Potential Financings

Work out the terms of an exclusive supply and development agreement with this Letter of Intent template.

• Parties. The parties to the proposed agreement are (ii) a supplier with a product which has potential commercial application and (ii) a developer which will develop, test, produce and distribute the product.
• Obligations. The obligations of each party are set out with respect to costs and development of a working prototype.
• Patents. The supplier will retain title to all patents on the product.
• License. The supplier will grant the developer an exclusive worldwide license to sell the product.
• Confidentiality. Mutual confidentiality undertakings.

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.

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.

Download the Letter of Intent form and start the process of adding an exclusive distributor to your network.