Partnership Letter of Intent
Timothy Montez
Email: timothy@email.com
March 25, 2065
Ann James
TranquilNet
314 Aspen Court
Eagle, ID 83642
Dear Mr. James,
We are excited to express our mutual interest in exploring a potential partnership between OmniFlow and TranquilNet. This letter outlines our preliminary understanding and serves as a basis for further discussions.
Purpose of Partnership: The parties intend to collaborate on the development and promotion of an innovative marketing software solution targeting small and medium-sized businesses.
Terms and Conditions: Both parties agree to negotiate in good faith to determine the specific terms and conditions of the partnership. This includes OmniFlow providing the software expertise, and TranquilNet contributing to marketing strategy, client acquisition, and sales efforts.
Confidentiality: The parties agree to maintain the confidentiality of any proprietary information exchanged during the negotiation process, including but not limited to software algorithms and marketing strategies.
Duration: The initial term of this partnership is expected to be two years, with the option for renewal or extension based on mutual agreement.
Due Diligence: Both parties may conduct due diligence to gather information necessary for the partnership. This includes sharing relevant financial information, client lists, and product roadmaps, subject to reasonable and mutually agreed-upon terms.
Exclusivity: For a period of 90 days from the date of this letter, both parties agree to exclusively negotiate with each other regarding this potential partnership.
This Letter of Intent is non-binding and does not create any legal obligations between the parties. It is intended to facilitate further discussions and negotiations toward a formal agreement.
We look forward to working collaboratively to explore the potential of this partnership. Please let us know your availability for a follow-up meeting to discuss the details further.
Sincerely,
Timothy Montez
CEO
