Financial & Contract Negotiations
Many entrepreneurs know the situation: You are in negotiations about a cooperation with a company whose offer would fit very well to your own business or whose special know-how could improve your own products. Or the search for investors was successful and should now be brought contractually into "dry cloth".
However, at a certain point in the negotiations, sometimes even at their very beginning, the question arises to what extent you can and want to disclose your own ideas to negotiating partners and to what extent you can also achieve a certain level of commitment before concluding the intended contract. Two contractual options that offer an answer to this are the so-called confidentiality agreement, also known as non-disclosure agreement (NDA), and the so-called letter of intent (LOI).