Set down the proposed terms for an offshore joint venture with this Canada Letter of Intent for Offshore Joint Venture Through Foreign Corporation
- The transaction is between various Canadian participants who plan to set up a foreign corporation in the subject jurisdiction, to allow them all to participate in the joint venture.
- The letter of intent is not a legal contract and is not legally binding, except as it relates to the negotiations between the parties, such as mutual confidentiality provisions.
- The parties will incorporate a new foreign corporation solely for the purpose of the joint venture business.
- The joint venturers will each hold an equal interest in the foreign corporation, in return for funding the venture and for contributing certain assets and other property.
This Canada Letter of Intent for Offshore Joint Venture Through Foreign Corporation
is in MS Word format, and is fully editable to fit your specific circumstances.