The Letter of Intent for Business Proposal is a crucial preliminary document used in New Zealand business transactions to establish the framework for potential business relationships or transactions. It serves as a stepping stone between initial discussions and final binding agreements, typically used when parties wish to formalize their preliminary understanding while maintaining flexibility for detailed negotiations. The document, while generally non-binding, includes certain enforceable provisions such as confidentiality and exclusivity clauses, adhering to New Zealand's legal framework, particularly the Contract and Commercial Law Act 2017. It's commonly used in mergers and acquisitions, joint ventures, strategic partnerships, and significant business transactions, providing a clear roadmap for further negotiations while protecting both parties' interests during the preliminary stages of a business deal.
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1. Letter Header: Date, recipient's name, title, company name, and address
2. Subject Line: Clear identification of the document as a Letter of Intent and brief reference to the business proposal
3. Introduction: Identifies the parties and their roles in the proposed business arrangement
4. Business Opportunity: Overview of the proposed business arrangement or opportunity being considered
5. Key Terms: Outline of the main business terms, including proposed structure, timing, and key commercial points
6. Timeline: Proposed schedule for negotiations, due diligence, and execution of definitive agreements
7. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified provisions
8. Confidentiality: Basic confidentiality provisions regarding the proposed transaction and shared information
9. Exclusivity: If applicable, period during which parties agree not to negotiate with others
10. Closing: Signature blocks, professional closing, and contact information
1. Due Diligence Process: Detailed outline of the due diligence process, used when the transaction requires significant investigation
2. Cost Allocation: Specifies how costs related to the transaction will be handled, used in larger transactions
3. Binding Provisions: Specific terms that are intended to be binding, such as confidentiality and exclusivity, used in more complex transactions
4. Governing Law: Specification of applicable law and jurisdiction, used when parties are from different jurisdictions
5. Break-up Fee: Terms regarding compensation if either party terminates negotiations, used in high-value transactions
6. Public Announcements: Guidelines for public communications about the proposed transaction, used for sensitive or public-interest transactions
1. Term Sheet: High-level summary of key commercial terms and conditions
2. Proposed Timeline: Detailed schedule of key dates and milestones for the proposed transaction
3. Initial Financial Terms: Preliminary financial arrangements or proposals, if applicable
4. Asset/Business Description: Detailed description of the business, assets, or opportunity being considered
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Healthcare
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Transportation and Logistics
Education
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Relevant Teams
Legal
Corporate Development
Business Development
Finance
Strategy
Executive Leadership
Mergers & Acquisitions
Commercial Operations
Investment
Risk Management
Relevant Roles
Chief Executive Officer
Managing Director
Business Development Manager
Corporate Lawyer
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Chief Financial Officer
Commercial Director
Head of Strategy
Mergers & Acquisitions Manager
Investment Manager
Business Unit Director
Corporate Development Manager
Partnership Manager
General Counsel
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