Document background
The Grant Letter of Intent is a crucial preliminary document used in the Indian grant-making process when a funding organization wishes to formally express their intention to provide financial support to a recipient, while maintaining certain conditions and requirements before final commitment. This document typically precedes the full grant agreement and is particularly important in situations where due diligence, regulatory approvals, or additional documentation is required before finalizing the grant. The Letter of Intent helps establish clear expectations, timelines, and conditions while providing the recipient with a formal document to demonstrate potential funding support. Under Indian law, while certain aspects of the Letter of Intent may be considered binding, it primarily serves as a framework for the subsequent formal grant agreement, incorporating relevant considerations under the Indian Contract Act, 1872, and applicable charitable organization regulations.
