I have an idea I am working on that I believe will be useful. I have been told that verbally several times.
Rather than spend money on developing it to completion, I want my proposed suppliers/customers to commit in a way and agree in principle to come on board if I do my part by building what we agree on.
Does this make any sense? How do I draft such a document?
I am creating a content distribution app. The letter of intent is geared towards the content copyright owners. So basically I want something saying, if I create this app that can distribute their stuff, they will agree to distribute it through me under certain revenue sharing terms. That way, I will not have doubts when spending on the app.
(Maybe LOI is the wrong name?)