Letter of Intent Outline for Subcontractor
Letter of Intent Outline for Subcontractor
[Company Letterhead]
Date: [Insert Date]
To:
[Subcontractor Name]
[Subcontractor Company Name]
[Address]
[City, State, Zip Code]
Subject: Letter of Intent to Enter Into Subcontractor Agreement
Dear [Subcontractor Name],
This Letter of Intent (LOI) outlines the preliminary terms under which [Your Company Name] ("Contractor") intends to engage [Subcontractor Name] ("Subcontractor") for [Project Name/Description].
1. Project Overview
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Scope: [Brief description of subcontractor’s responsibilities]
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Location: [Project location]
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Timeline: [Start date] to [End date]
2. Subcontractor Responsibilities
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Duties: Provide labor, materials, etc.
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Compliance: Adhere to all relevant laws and regulations.
3. Compensation
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Payment: [Payment method, terms, and schedule]
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Invoicing: [Invoicing procedure]
4. Contractor Responsibilities
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Support: Provide necessary support (e.g., project management, access)
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Schedule: [Contractor’s scheduling commitments]
5. Confidentiality & Insurance
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Confidentiality: [Any confidentiality terms]
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Insurance: [Insurance coverage required]
6. Termination & Dispute Resolution
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Termination: [Conditions for termination]
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Dispute Resolution: [Method of resolving disputes]
7. Non-Binding Nature
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This LOI is non-binding, except for confidentiality and other specific terms.
8. Next Steps
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Confirmation: Please confirm your intent to proceed.
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Next Steps: Finalize formal agreement.
Signatures:
[Your Company Name]
By: ___________________________
Name: [Authorized Signatory]
Date: ___________________________
[Subcontractor Name]
By: ___________________________
Name: [Authorized Signatory]
Date: ___________________________
