A number of preliminary documents can be required that set up the framework for the negotiations on the final agreement. In addition to creating a secure negotiating environment, these documents represent the starting point and set the boundaries for what will be possible. The help of an expert is important here.
- Non-disclosure agreements: these create a confidential negotiating environment and set the limits for what may - and may not - be done with any confidential information received
- Letter of Intent, Memorandum of Understanding: this clarifies what is being negotiated and can include the key issues to be covered by the final agreement. An important step in approaching the final agreement.
These preparatory arrangements set the stage for the final negotiations, and the guidance of an expert at this early stage is indispensable. Bracquené can help.