Law Firm Letter of Intent
[Date]
[Recipient's Name]
[Recipient's Title/Position]
[Recipient's Company Name]
[Recipient's Address]
Dear [Recipient's Name],
We are pleased to present this Letter of Intent ("LOI") as a formal expression of our mutual interest in exploring a potential collaboration between [Your Company Name] and [Recipient's Company Name]. Our discussions to date have highlighted several areas of alignment and opportunity, and we are eager to proceed with negotiations to formalize our partnership.
Our two firms have enjoyed a positive professional relationship over the years, having collaborated on various matters within the legal sphere. We believe that combining our respective strengths and resources through a formal arrangement could enhance the value we deliver to our clients and strengthen our positions in the market.
The primary objective of this proposed collaboration is to leverage our complementary expertise and capabilities to expand our service offerings and better meet the evolving needs of our clients. By pooling our talents, resources, and networks, we aim to achieve greater efficiencies, enhance client satisfaction, and pursue new growth opportunities.
Key Terms and Conditions
Financial Terms: We propose a profit-sharing arrangement based on a mutually agreed-upon formula, with transparent accounting and reporting mechanisms in place.
Governance Structure: The collaboration will be governed by a joint management committee comprising representatives from both firms, responsible for decision-making and strategic direction.
Scope of Collaboration: Our initial focus will be on cross-referral of clients, joint marketing initiatives, and collaborative projects in select practice areas.
Duration: The LOI will remain in effect for a period of [insert duration], during which time we will conduct due diligence and negotiate the terms of a formal agreement.
Confidentiality: Both parties agree to maintain strict confidentiality regarding all discussions and information exchanged during the negotiation process.
We propose the following timeline for the negotiation and finalization of the formal agreement:
This LOI shall be governed by and construed in accordance with the laws of [State], and any disputes arising out of or in connection with this agreement shall be subject to the exclusive jurisdiction of the courts of [State].
We look forward to further discussions and collaboration with your team to finalize the terms of our partnership. Please review this LOI at your earliest convenience, and let us know if you have any questions or require clarification on any points.
Sincerely,
[Your Name]
[Your Title/Position]
[Your Company Name]
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