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Letter Of Intent For Dealership
"I need a Letter of Intent for Dealership to appoint an exclusive dealer for our luxury car brand in Northern England, with a six-month exclusivity period and completion targeted for March 2025."
1. Intent Declaration: Clear statement expressing intention to enter into a dealership arrangement and purpose of the letter
2. Parties: Full identification of the principal company and prospective dealer, including registered addresses and company numbers
3. Background: Context of the proposed dealership relationship and any relevant historical information
4. Proposed Terms: Outline of key commercial terms including territory, products/services, and basic operating framework
5. Timeline: Expected timeline for negotiations and completion of the final dealership agreement
6. Non-Binding Nature: Statement clarifying that the letter is non-binding except for specific clauses
7. Confidentiality: Obligations regarding confidential information exchanged during negotiations
8. Governing Law: Specification that the letter is governed by English and Welsh law
1. Exclusivity: Period during which parties agree not to negotiate with others, included when exclusive negotiations are desired
2. Due Diligence: Framework for information exchange and verification process, used in complex dealership arrangements
3. Costs: Agreement on who bears the costs of negotiations and due diligence, included when significant costs are expected
4. Break Fee: Provisions for compensation if one party withdraws, used in high-value deals
1. Proposed Territory Map: Visual representation or detailed description of the proposed dealership territory
2. Product/Service List: Preliminary list of products or services to be covered by the dealership
3. Timeline Schedule: Detailed schedule of key dates and milestones for completing the dealership agreement
4. Initial Commercial Terms: High-level outline of proposed commercial terms including pricing structure and targets
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