Document background
The Letter of Interest for Business Partnership is commonly used in the initial stages of business relationship development under English and Welsh jurisdiction. It serves as a preliminary document that outlines potential collaboration terms while maintaining flexibility for further negotiation. This document typically includes basic partnership terms, confidentiality provisions, and proposed next steps, while clearly stating its non-binding nature. It's particularly useful when companies want to formalize their interest in collaboration while maintaining confidentiality and avoiding premature commitment.
