Document background
A Partnership Letter of Intent is commonly used in England and Wales when parties are considering entering into a formal partnership arrangement but wish to outline their intentions and key terms before proceeding with detailed negotiations and documentation. This document helps establish the framework for discussions, demonstrates commitment, and can include both binding and non-binding elements. While not legally required, a Partnership Letter of Intent is particularly valuable in complex partnerships or when significant due diligence is needed before finalizing the arrangement. It typically includes proposed partnership structure, key commercial terms, timeline, and any immediate obligations such as confidentiality requirements.
