Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT

should be identified as such include:

Confidentiality
Non-Solicitation of employees
Both parties covering their own expenses
Exclusivity
Penalty provisions associated with not proceeding

Such clauses when included need to have specific language to clearly show the intent that these elements are to be binding.

A non-binding letter of intent should clearly state that it is non-binding (with the exception of any specifically binding provisions.)

When it becomes necessary to use a letter of intent the office of the SBU Contracts, Vice President or if none the SBU General counsel must be contacted to assist in the drafting of the letter and the approval of the letter before it is provided to any customer or potential customer.  When a letter of intent is provided to Project/ Product/ Services Organization from the customer,

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