Document background
The Joint Venture Letter of Intent is a crucial preliminary document used in Australian business transactions when two or more parties are exploring a potential joint venture relationship. It serves as a stepping stone toward a formal joint venture agreement, outlining the key commercial terms, proposed structure, and operational framework while maintaining flexibility for detailed negotiations. This document type is particularly relevant in the Australian market where joint ventures are common in sectors such as mining, infrastructure, and technology. While generally non-binding (except for specific provisions like confidentiality), it helps parties align their expectations and provides a clear roadmap for due diligence and negotiation processes. The document must comply with Australian corporate law principles and may need to consider foreign investment regulations when international parties are involved.
