Document background
A Letter Of Intent Manufacturing Agreement is typically used in the initial stages of establishing a manufacturing relationship between parties, where detailed terms are yet to be finalized but parties wish to document their serious intention to proceed. This document type is particularly relevant under Austrian law, where pre-contractual obligations and good faith negotiations carry significant legal weight. It typically includes proposed commercial terms, timelines, confidentiality provisions, and any binding interim obligations. The document serves as a roadmap for negotiating the final manufacturing agreement while potentially securing exclusivity during negotiations. Understanding Austrian commercial and contract law is crucial, as certain provisions, particularly those relating to confidentiality and good faith negotiations, may create binding obligations even within this preliminary document.
