Letter of Intent: Mergers (Private Company)

The legal template "Letter of Intent: Mergers (Private Company) under USA law" is a document intended to outline the initial understanding and preliminary agreement between two private companies in the United States regarding their intention to merge. This letter serves as a precursor to the formal merger agreement and outlines the principal terms and conditions that the parties intend to negotiate and ultimately be bound by. The template may include details such as the names and addresses of the merging companies, their primary businesses, the purpose of the merger, the proposed structure of the merged entity, the ownership percentages, and any desired provisions regarding governance and management. Additionally, it may include details related to the due diligence process, confidential information exchange, and exclusivity period during which the parties agree not to negotiate with other potential merger partners. This legal template provides a starting point for companies seeking to initiate a merger transaction, defining their intentions and offering a framework for negotiations while ensuring compliance with USA law.