This letter of intent is a non-binding document that records the preliminary agreement of the parties to negotiate possible purchase of a company’s equity.
Each party has the right to cease discussions and negotiations without any obligation to sign the final contract.
Some provisions survive termination of this Letter of Intent, such as confidentiality.
After signing the letter of intent, the parties commence the due diligence process.
This Non-Binding Letter of Intent contains the following:
This document is intended for use in the United Arab Emirates.
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.