Letter of Intent (LOI) Sample
Dated:
To
Dear Sirs,
We......................................................................................................................................................... Of.................................................................................................................................. hereby declare that we are ready, willing and able under the act of perjury to purchase the following commodity as specified below and certify that we have available full funding for the purchase:
NAME OF THE PRODUCT :
SPECIFICATIONS OF THE SUBJECT PRODUCT:
Specification No.....................................................
Quantity................................................................(Metric Tonnes)
Destination Country.............................................Terms of Delivery:.........................................
Rate/Size of Shipment..........................................Packing:..........................................................
Rate of Discharge at Destination: Tonnes per Day:.....................................................................
Terms of Payment: DLC,
Performance Bond from the seller (2%)
Full Name of the Bank .............................................................................................
Full Address of the Bank ..........................................................................................
Bank Telephone No..................................................................................................
Bank Account No.......................................................................................................
Bank SWIFT/Sort Code No......................................................................................
We give you our permission to seek usual Bank reference.
Full name of the Company:.....................................................................................
Full name of signatory..............................................................................................
Position of signatory (This must be CEO of the Company)
.........................................................
Yours truly
Dated...................................
Signed...............................................
Signed for and on behalf of
Company rubber stamp
-------------------------------------------------------------------------------------------------- Dated:
Bank Comfort Letter (
(BANK MUST BE
To
ITIG Inc.
Dear Sirs,
This is to confirm that our mutual clients (namely)..........................maintain a banking account with us.
At their instructions we, ..............................................(full name of the Bank) with full authority and mandate hereby confirm that the said clients are willing and financially able to initiate the process of purchasing of.............................................. tonnes of................................................... (Product Name) during the next.............................................../months/years. We understand the total value of imports under the sight irrevocable Documentary Credit on C & F basis is in the region of US $:
We certify that our clients named above have sufficient funds and/or have credit line with our bank to complete the proposed transaction within the time period shown above.
Our clients hereby give authority to the Sellers to procure usual banker's references.
................................................................................................
Signed
Full name of the signatory
.................................................................................................................................................................
Designation of the signatory
.................................................................................................................................................................
Clients' Name as written in account
.................................................................................................................................................................
Account No.......................................................................
Bank Telephone No (if not printed above) .....................................................................................................
Bank's fax No ...........................................................................................................................................
Bank Swift/Sort-Code ...............................................................................................................................
Seal
--------------------------------------------------------------------------------------------------
Non-Circumventions, Non-Disclosure Work Agreement (NCNDA)
WHEREAS, the Undersigned wish to enter into this Agreement to define certain parameters of the future legal obligations, are bound by a duty of Confidentiality with respect to their sources and contacts.
WHEREAS, the Undersigned desire to enter a working business relationship to the mutual and common benefit of the parties hereto, including their affiliates, subsidiaries, stockholders, partners, co-ventures, trading partners, and other associated organizations (herein after referred to as Affiliates).
NOW THEREFORE in consideration of the mutual promises, assertions and covenants herein and other good and valuable considerations, the receipts of which is acknowledged hereby, the parties hereby agree as follows:
Terms and Conditions:
A. The parties will not in any manner, solicit, nor accept any business in any manner from sources nor their Affiliates, which sources were made available through this agreement, without the express permission of the party who made available the source and,
B. The parties will maintain complete confidentiality regarding each other’s business sources and/or their Affiliates and will disclose such business sources only to named parties pursuant to the express written permission of this party who made available the source; and
C. That they will not in any of the transactions the parties are desirous of entering into and do, to the best of their abilities assure that the transaction codes established will not be affected and
D. That they will not disclose names, addresses, email address, telephone and telefax or telex numbers to any contacts by either party to third parties and that they each recognize such contracts as the exclusive property of the respective parties and that they will not enter into any direct negotiations or transactions with such contracts revealed by the other party and
E. That they further undertake not to enter into business transaction with banks, investors, sources of funds or other bodies, the names of which have been provided by one of the parties to this agreement, unless written permission has been obtained from the other party (ies) to do so. For the sake of this agreement, it does not matter whether information obtained from a natural or a legal person. The parties also undertake not to make use of a third party to circumvent this clause.
F. That in the event of circumvention of this Agreement by either party, directly or indirectly, the circumvented party shall be entitled to a legal monetary penalty equal to maximum service it should realize from such a transaction plus any and all expenses, including but not limited to all legal costs and expenses incurred to recover the lost revenue. All consideration, benefits, bonuses, participation fees and/or commissions received as a result of the contributions of the parties in the Agreement, relating to any and all transactions will be allocated as mutually agreed.
G. This agreement is valid for any and all transactions between the parties herein and shall be governed by the enforceable law in Australian Courts, Canadian Courts, USA Courts, English Courts, French Courts, Singapore Courts, or under Swiss Laws in
H. The signing parties hereby accept such selected jurisdictions as the exclusive venue. The duration of the Agreement shall perpetuate for five (5) years from the date hereof
Signature………………………....................... Signature……………………………
Agreement To Terms:
A. Signatures of this Agreement received by the way of Facsimile, Mail and/or Email shall be deemed to be an executed contract. Agreement enforceable and admissible for all purposes as may be necessary under the terms of the Agreement.
B. All Signatures hereto acknowledge that they have read the foregoing Agreement and by their initials and signature that they have full and complete authority to execute the document for and in the name of the party for which they have given their signature.
ACCEPTED
1ST PARTY
Signed on :
Signature
Company Seal:
Signatory’s Full Name:
Signatory Position:
Telephone No:
Fax No:
Passport No:
Expiry date of passport:
Email address:
Company Name:
Company Address:
----------------------------------------------------------------------------------------------------------------------------------------------
2nd PARTY
Signed on :
Signature
Company Seal:
Signatory’s Full Name:
Signatory Position:
Telephone No:
Fax No:
Mobile:
Passport No:
Expiry date of passport:
Email address:
Company Name:
Company Address:
----------------------------------------------------------------------------------------------------------------------------------------------
3rd PARTY
Signed on :
Signature
Company Seal:
Signatory’s Full Name:
Signatory Position:
Telephone No:
Fax No:
Passport No:
Expiry date of passport:
Email address:
Company Name:
Company Address: