Letter of intent

Letter of Intent: The letter of intent is a written file signed by both parties through preliminary negotiations and agreement on their respective wishes. It is the basis for substantive negotiations between the two parties and is a prelude to the signing of the agreement.
Format: 1. Start writing the names of the two parties, the name, identity, time of negotiation, location and main items of negotiation. 2. Subject: Write the terms of both parties' intentions to achieve a common understanding. 3. Signature and time of representatives of all parties.

example:

Letter of intent

Xx factory xxxx company

The two parties held preliminary consultations on the establishment of the joint venture on x, x, x, and x, and reached the following intentions:

1. Both Party A and Party B are willing to establish joint ventures in the form of joint ventures or cooperation, tentatively named xx Co., Ltd. The construction period is x years, that is, it is completed from x years to x years. After signing the letter of intent, the parties will apply to the relevant authorities for approval. The time limit for approval is x months, that is, x years x months x days - x years x months x days. Then the xxx factory will apply for the opening of the joint venture.
Second, the total investment x million, discount x million. Xx part of the investment x million; xx part of the investment x thousand.
Party A invests in x million;
Party B invests x million.
Third, profit distribution: the parties are allocated according to the proportion of investment or consultation.
Fourth, the joint venture production capacity: ...
5. The joint venture shall self-export or entrust the relevant import and export company to act as an agent for export, and the price shall be determined by the joint venture.
6. The joint venture period is x years, that is, x years x months - x years x months.
7. Other matters of the joint venture shall be implemented in accordance with the relevant provisions of the Sino-foreign Joint Venture Law.
8. The two parties will further negotiate the relevant joint venture matters after the approval of the parties at the higher levels.
This letter of intent is in duplicate. As a memorandum, each shall hold a copy for future reference.

Xx factory xxxx company
Representative: Representative:

x years x months x