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1. Costs and Expenses: Section addressing who bears the costs of negotiations and due diligence, used when significant preliminary expenses are expected

2. Good Faith Deposit: Details of any required deposit or earnest money, included when parties want to demonstrate serious intent

3. Governing Law: Specification of governing law and jurisdiction, included when parties are from different jurisdictions

4. Break Fee: Details of any fee payable if either party withdraws, used in high-value service arrangements

5. Due Diligence: Overview of any due diligence requirements, included when significant investigation is needed before final agreement

6. Regulatory Approvals: List of required regulatory approvals, included when services are in regulated industries

1. Initial Service Specification: High-level outline of proposed services and deliverables

2. Preliminary Timeline: Proposed schedule for negotiation, due diligence, and execution of final agreement

3. Key Commercial Terms: Summary of main commercial points agreed in principle

4. Required Approvals: List of regulatory or corporate approvals needed to proceed