Company partnership – letter of intent

I am about to sign a letter of intent with another company I intend to partner with.

What does the following clause mean? I am party B here for your reference: “Both parties intend to cooperate together to gain the mutual profit. Party A has absolute priority on the cooperation with Party B other than other companies.

 

8 viewscommercial law

Alasdair Taylor's Answer

Sorry, I don’t know what this is supposed to mean.

I suggest you ask the person who wrote it.

Obviously, you shouldn’t (usually) sign any document the meaning of which is not clear.

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