Notice of Intent for Business

NOTICE OF INTENT FOR BUSINESS

Date of Notice:

Parties

Sender (Business Name):

Recipient (Business Name):

Recitals

WHEREAS, Sender is engaged in the business of providing certain goods and/or services and has requested that Recipient consider entering into a commercial agreement to provide those goods and/or services; and

WHEREAS, Recipient has expressed an initial interest in negotiating terms for the provision of such goods and/or services on the material terms set forth below; and

WHEREAS, the parties desire to record their mutual intent to negotiate and, upon agreement, to document the final terms in a definitive written agreement.

Statement of Intent

This Notice of Intent sets forth the principal commercial terms upon which Sender intends to offer and upon which Recipient may accept the engagement of Sender to provide services or supply goods. Except as expressly stated as binding in this Notice, the parties acknowledge that this Notice is an expression of intent to negotiate and does not itself create a binding services contract except to the extent the parties execute a definitive agreement.

Scope of Work

Payment Terms

Estimated Total Payment: $

Late Payment Fee: (applies to overdue amounts not paid within the specified payment period)

Term and Termination

Proposed Start Date: Month Day Year

Proposed End Date: Month Day Year

Confidentiality

For the purposes of this Notice, "Confidential Information" means non-public information disclosed in any form by one party to the other that is marked confidential or that a reasonable person would understand to be confidential. Each party agrees to (a) hold Confidential Information in strict confidence; (b) use Confidential Information solely to evaluate and perform obligations related to the contemplated transaction; and (c) not disclose Confidential Information to third parties except to those employees, agents or advisors who have a need to know and who are bound by confidentiality obligations no less protective than those in this Notice. The obligations in this section survive termination of negotiations and any subsequently executed agreement for a period of three years unless otherwise agreed in writing.

Notices

All formal notices under this Notice of Intent shall be delivered to the addresses set forth below unless written notice of a change of address is provided.

Governing Law and Dispute Resolution

This Notice of Intent shall be governed by and construed in accordance with the laws of the state identified by the parties below. Any dispute arising out of or relating to this Notice shall be resolved by the exclusive jurisdiction of the state and federal courts located therein unless the parties mutually agree otherwise in a subsequently executed agreement.

Governing State:

Entire Agreement; Binding Effect

This Notice constitutes the complete statement of the parties' present intent with respect to the matters described herein. Except as explicitly provided otherwise, this Notice does not create any obligation to enter into a definitive agreement. Any definitive agreement concerning the subject matter of this Notice shall be in writing and signed by authorized representatives of both parties. This Notice shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.

Acknowledgment

The undersigned authorized representatives acknowledge receipt of this Notice of Intent and confirm they are authorized to submit or accept the terms set forth herein for their respective parties.

Sign Now