OBJECTIVE: LETTER OF INTENT FOR JOINT VENTURE – CONFIDENTIAL
Dear Business Associate,
This letter is intended to set forth a letter of intent to provide full project funding for business agreement as mandated by my client for investment purposes with your expertise and knowledge with a good % return in an active and passive form.
1. Structure Our objective is to establish a joint venture through formation of a new entity or use of an old entity to jointly managed asset on behalf of my client worth millions of dollars. Our initial belief as to the overall structure and purpose of the venture is set forth in a properly documented in definitive agreements.
2. Negotiations We agree to negotiate to determine if the joint venture will be appropriate for the parties, provided, however, you agree to not negotiate or enter into or continue discussions with any other person or company or solicit or encourage, directly or indirectly, or furnish information to any other person or company, with respect to a similar business arrangement, during the ninety (90) days following the date this letter is accepted by you. The parties shall use best efforts to maintain at all times as confidential information the fact that you or we have executed this letter, the terms of this letter and the existence and content of any negotiations between us.
3. Entirety This letter constitutes the entire understanding and agreement between the parties hereto and their affiliates with respect to its subject matter and supersede all prior or contemporaneous agreements, representations, warranties and understandings of such parties (whether oral or written). No promise, inducement, representation or agreement, other than as expressly set forth herein, has been made to or by the parties hereto.
4. Construction This letter shall be construed according to its fair meaning and not strictly for or against either party. This letter does not, and is not intended to impose any binding obligations on the parties. In the current market environment, sophisticated investors know that building portfolio resilience and reducing downside volatility is essential.
If you are interested in joint venture business, please reply this email so that we can move forward to sign NDA and meeting.
Sincerely yours,
Richard Hughes, JD/MBA
Senior Vice President, M&A
Generational Equity Affiliate
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