LETTER OF INTENT
THIS LETTER OF INTENT summarises the present intentions of and understanding between
the <Dipartimento …of University of Turin> ("<…>") on the one hand, and <...> ("<...>")
on the other hand (<...> and <...> being hereinafter collectively referred to as "the Parties")
regarding the realization of a Project of the Fifth Research And Technological Development
1. THE OBJECTIVES OF THE PARTIES
1.1 The Parties' overall objective is to submit a Proposal for a Project to European
Commission as part of the Fifth Research And Technological Development Framework
2. POSSIBLE TITLE AND TOPICS OF THE PROJECT.
2.1. The proposed Project has the following title <…>, and is focused on the following fields
b) <...>, and
1.1. The Party <> shall be the coordinator.
1.2. The coordinator shall have the functions pursuant to the Model Contract.
4.1. Prior to the execution and delivery at the Closing Date of definitive agreements and
other documents needed to implement the cooperative arrangements that may be agreed,
the Parties will seek to obtain the necessary approvals from the EC and/or National Antitrust
5.1. Each Party shall bear its own expenses in connection with its evaluation of the matters
covered by this Letter of Intent and the preparation and negotiation of the agreements
6.1. Each Party shall grant the confidentiality of any information, data and document from
time to time disclosed and/or delivered by the other Party.
7. CONSORTIUM AGREEMENT
7.1 The Parties shall stipulate a Consortium Agreement at least within 15 days form the start
of the negotiation with the European Commission.
7.2 For the period of the validity of this Letter of Intent, the Parties agree they will not be in
such negotiations with third parties that are in conflict with the negotiations of the Parties
within the context of this Letter of Intent.
8.1. This Letter of Intent may be terminated by <…> or <…> with or without cause,
effective upon receipt or written notice, but shall in any case expire on <…>, unless
extended by mutual agreement.
9. APPLICABLE LAW
9.1. This Letter of Intent is construed in accordance with and shall be governed by the <...>
9.2 All disputes shall be settled by <…>.