莲 制卧价贸易+学 英汉商务翻译 the course of discussions on and finalization of a joint venture.A wide range of cooperation possibilities exists,and no one set of documentation applies to all situations.However,certain common practices and principles have evolved in setting up a joint venture,which can provide some guidance on the documentation to be prepared. After the prospective local partner and the foreign firm have held initial discussions and if interest is manifested between the two,a letter of intent is usually prepared,either by one of them,or, preferably,by both who jointly sign it.This letter states the parties'objectives and their intention to cooperate and enter into a contract with each other.It also indicates the time frame and the implementation modalities to be followed.While such a letter is not generally legally binding and often is not required,it is useful because it encourages continued discussions and specifies the course of action to be taken by the parties.The broad outline of the joint venture arrangement foreseen by the prospective partners is also described in the letter.When the parties believe that a joint venture project has a possibility of being realized but recognize that many unresolved questions remain,a memorandum of understanding is prepared. Depending on their wishes,the prospective partners can also enter into other similar preliminary arrangements,such as those referred to as an agreement of intent,heads of agreement or a pre-agreement,which provide some elements of certainty concerning future cooperation,prior to the preparation of the formal joint venture agreement. 第3页共3页英汉商务翻译 the course of discussions on and finalization of a joint venture. A wide range of cooperation possibilities exists, and no one set of documentation applies to all situations. However, certain common practices and principles have evolved in setting up a joint venture, which can provide some guidance on the documentation to be prepared. After the prospective local partner and the foreign firm have held initial discussions and if interest is manifested between the two, a letter of intent is usually prepared, either by one of them, or, preferably, by both who jointly sign it. This letter states the parties' objectives and their intention to cooperate and enter into a contract with each other. It also indicates the time frame and the implementation modalities to be followed. While such a letter is not generally legally binding and often is not required, it is useful because it encourages continued discussions and specifies the course of action to be taken by the parties. The broad outline of the joint venture arrangement foreseen by the prospective partners is also described in the letter. When the parties believe that a joint venture project has a possibility of being realized but recognize that many unresolved questions remain, a memorandum of understanding is prepared. Depending on their wishes, the prospective partners can also enter into other similar preliminary arrangements, such as those referred to as an agreement of intent, heads of agreement or a pre-agreement, which provide some elements of certainty concerning future cooperation, prior to the preparation of the formal joint venture agreement. 第 3 页 共 3 页