{"$schema":"https://json-schema.org/draft/2020-12/schema","type":"object","description":"Letter of Intent (LOI) — typically mostly non-binding statement of a commercial deal's main terms, used to frame due diligence and negotiation of a definitive agreement. Usually binding only as to selected provisions (exclusivity, confidentiality, costs, governing law).","required":["parties","date","subject_matter","key_commercial_terms","definitive_agreement_target_date","binding_provisions","non_binding_disclaimer","signatories"],"additionalProperties":false,"properties":{"reference":{"type":"string"},"parties":{"type":"array","minItems":2,"items":{"type":"object","required":["role","legal_name","address","representative_name"],"additionalProperties":false,"properties":{"role":{"type":"string","minLength":1,"description":"E.g. 'Buyer', 'Seller', 'Lessee', 'Lessor', 'Investor', 'Target'."},"legal_name":{"type":"string","minLength":1},"address":{"type":"string","minLength":1},"registration_number":{"type":"string"},"representative_name":{"type":"string","minLength":1},"representative_role":{"type":"string"}}}},"date":{"type":"string","format":"date"},"subject_matter":{"type":"string","minLength":1,"description":"Plain-language description of the transaction being contemplated."},"key_commercial_terms":{"type":"string","minLength":1,"description":"Price, structure, indicative timeline, conditions — prose."},"exclusivity_period_optional":{"type":"object","required":["days","scope"],"additionalProperties":false,"properties":{"days":{"type":"integer","minimum":1},"scope":{"type":"string","minLength":1,"description":"Whose solicitations are restricted, and over what activities."}}},"due_diligence_period_optional":{"type":"object","required":["days","access_terms_summary"],"additionalProperties":false,"properties":{"days":{"type":"integer","minimum":1},"access_terms_summary":{"type":"string","minLength":1,"description":"How the investigating party accesses the other party's information, the data-room logistics, and what cooperation is required."}}},"definitive_agreement_target_date":{"type":"string","format":"date"},"binding_provisions":{"type":"array","minItems":1,"items":{"type":"string","minLength":1,"description":"Named clauses that are binding despite the overall non-binding nature of the LOI (e.g. 'Exclusivity', 'Confidentiality', 'Costs', 'Governing law')."}},"non_binding_disclaimer":{"type":"string","minLength":1,"description":"Explicit statement that, save for the listed binding provisions, the LOI does not create an obligation to conclude the transaction."},"signatories":{"type":"array","minItems":2,"items":{"type":"object","required":["party_legal_name","name","role"],"additionalProperties":false,"properties":{"party_legal_name":{"type":"string"},"name":{"type":"string","minLength":1},"role":{"type":"string","minLength":1},"date":{"type":"string","format":"date"},"place":{"type":"string"}}}}}}