Document background
The Letter of Intent for Consulting Services is a crucial preliminary document used in the UAE business environment when parties wish to formalize their intention to enter into a consulting relationship while still maintaining flexibility for detailed negotiations. This document type is particularly relevant in the UAE market where business relationships often require formal documentation of intentions before proceeding to final agreements. It serves as a stepping stone to a comprehensive consulting agreement, outlining key commercial terms while typically making only certain provisions (such as confidentiality and exclusivity) binding. The document must comply with UAE federal laws and regulations, including the UAE Commercial Transactions Law and Civil Transactions Law, and is commonly used when engaging consultants for significant projects or long-term engagements where detailed terms need to be negotiated.
