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This document is a non-binding agreement between two or more parties that outlines the general principles, key terms, and intentions of a proposed cooperation or agreement, used as a precursor to a formal contract or agreement.
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This document is a written memorialization of the intent of two or more parties to enter into an agreement for a business purpose loan and provides a framework for the negotiations to ensure that both parties are on the same page regarding the terms of the proposed business loan.
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