Letter of Intent Sample for Ranking

LETTER OF INTENT: RANKING & PRIORITIZATION AGREEMENT

Document Control

• Effective Date: [Date]
• Version: 1.0
• Jurisdiction/Scope: [Governing Jurisdiction]
• Document ID: LOI-RNK-[Unique Reference Number]

1. LEGAL DISCLAIMER & NOTICE

This Letter of Intent ("LOI") is a non-binding statement of intent, except where expressly specified as binding (e.g., Confidentiality, Governing Law). This document does not constitute an offer or a contract. The parties agree that no binding obligation shall arise until a Definitive Agreement is executed by authorized signatories. This instrument is for internal operational prioritization and ranking purposes only.

2. IDENTIFICATION OF PARTIES

• Primary Party: [Company Name], a [State/Country] corporation, having its principal place of business at [Address] (“Company”).
• Counterparty: [Full Legal Name/Entity Name], located at [Address] (“Counterparty”).

3. OPERATIVE CLAUSES

3.1. Purpose of Ranking. The parties intend to establish a formal protocol for the ranking of [Subject Matter: e.g., Projects, Vendors, Assets, Candidates] (“Subject Items”) to govern subsequent resource allocation and contractual prioritization.

3.2. Evaluation Criteria. The parties shall utilize the following weighted metrics to determine the ranking of Subject Items:

1. [Criteria A - e.g., Return on Investment]: [Weighting %]
2. [Criteria B - e.g., Strategic Alignment]: [Weighting %]
3. [Criteria C - e.g., Risk Exposure]: [Weighting %]

3.3. Ranking Methodology. The ranking shall be conducted on a semi-annual basis. Any Subject Item achieving a score below [Minimum Threshold Value] shall be deemed "De-prioritized" and excluded from active resource allocation cycles.

3.4. Exclusivity & Confidentiality. During the negotiation period, the parties agree to maintain the confidentiality of the ranking data. No party shall disclose the internal scoring mechanisms or the resulting rankings to third parties without prior written consent.

3.5. Binding Provisions. Notwithstanding the non-binding nature of this LOI, the provisions contained in Clause 3.4 (Confidentiality) and Section 4 (Governing Law) shall be legally binding upon the parties.

3.6. Governing Law. This LOI shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any dispute arising hereunder shall be subject to the exclusive jurisdiction of the courts located in [County/District].

4. EXECUTION & ACKNOWLEDGMENT

IN WITNESS WHEREOF, the parties have executed this Letter of Intent as of the date first written above.

For: [Company Name] Signature: __________________________ Printed Name: [Name] Title: [Title] Date: [Date]

For: [Counterparty Name] Signature: __________________________ Printed Name: [Name] Title: [Title] Date: [Date]

5. EXECUTION & ENFORCEMENT GUIDE

1. Calibration: Before signing, ensure the "Weighting %" fields in Clause 3.2 total exactly 100%. Mismatched weightings invalidate the scoring model.
2. Verification: Attach an Exhibit A containing the master list of Subject Items to be evaluated. Reference this exhibit in Clause 3.1 to prevent scope creep.
3. Legal Review: If this ranking impacts third-party contractual rights or labor agreements, submit the final draft to legal counsel to ensure the "De-prioritization" clause does not trigger breach-of-contract liabilities.
4. Formalization: Upon reaching the defined ranking, execute a "Memorandum of Selection" to formalize the transition from intent to operational implementation.