The day to day happenings of a start-up. No experience required. There's sure to be some thrills and spills along the way. Wish me luck!

Wednesday, November 02, 2005

Letter Of Intent

Our aim is for 50 clients to sign a letter of intent before we approach the bank for lending. By doing this, we have proven to ourselves and the bank that we have clients willing to use our service before any heavy investment occurs.

The letter will outline our service and provide a general overview of the obligations the client must fulfil. The client is under no obligation to use our service by signing the letter and remain free to walk away from the proposed deal up until a final contract has been signed.

I'll post it here as soon as we have worked out the correct wording.

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