Transcription of 10.2 Letter of Intent for Joint Venture
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10.2 Letter of Intent for Joint Venture
Form Copyright LegalDocs Online, Inc. All Rights Reserved. Form: Letter of Intent for Joint Venture Description: The form is a sample Letter of Intent for a 50-50 Joint Venture between two companies. The structure is a cover Letter with an attached Term Sheet. The footnotes are guides for the drafter, and should be deleted when finalizing the form. The Joint Venture : The Joint Venture contemplated is a corporation, but tax considerations may result in consideration of an LLC. Matters Requiring Consent: A long list of matters requiring consent of both parties is included, but should be modified as circumstances warrant. The parties should be concerned about deadlocking events. Modification: This form may require significant modification as the deal is negotiated. Form Copyright LegalDocs Online, Inc. All Rights Reserved. 2 Date: _____ CONFIDENTIAL _____ _____ _____ Re: Letter of Intent Dear _____: This Letter is intended to set forth a Letter of Intent by CAL Corporation ( CAL ), a California corporation, and DEL Corporation ( DEL ), a Delaware corporation.
6 Capital contribution issues can become extremely complicated, especially when assets or technology are to be contributed to the venture. In that instance, the other party will expect extensive representations and warranties similar to those found in asset purchase agreements. Contributions of assets to the venture
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