It is important that the description for the type of information is specific to what is being confidentially disclosed. As an example a software company working in the field of transportation systems might say; "The information being disclosed is a concept for passing waybills from carrier to carrier using mobile phone technology". This is by far preferential to saying "The information being to disclosed is information relating to software for transportation carriers". Anyone charged with determining whether confidential information is being disclosed is more able to make the assessment when the description is more specific.
Non_binding letters of intent for the purchase of a business or business assets should be drafted carefully, and may include most or all of the following elements: Total compensation offered, including breakdown (size of security deposit, down payment, seller_financed debt, bank debt), Warranties of clear and marketable title, A detailed list of all liabilities and assets to be purchased, Assurances of the validity and assumability of contracts (if applicable), Tax liability limitations, Operating condition of all equipment and machinery at time of purchase