The Letter of Intent Template Startup is a crucial document in the Australian business landscape, primarily used when startups are entering into significant business negotiations or potential transactions. This template is specifically designed for the Australian legal framework, incorporating relevant considerations from the Corporations Act 2001 and Australian Contract Law principles. It serves as a preliminary document that outlines the key terms and conditions of a proposed business arrangement, whether for investment, partnership, or acquisition purposes. The template is structured to provide sufficient detail to demonstrate serious intent while maintaining flexibility for further negotiations. It includes essential provisions for confidentiality and exclusivity, with clear distinctions between binding and non-binding elements, making it particularly suitable for startup negotiations where terms may evolve significantly during the discussion phase.

1. Date and Parties: Opening of letter identifying the date and full legal names and addresses of both parties

2. Introduction/Purpose: Brief statement outlining the purpose of the letter and the proposed transaction or relationship

3. Key Terms: Main commercial terms being proposed, including any preliminary agreements on pricing, scope, or structure

4. Timeline: Proposed schedule for negotiation, due diligence, and completion of the final agreement

5. Confidentiality: Statement regarding the confidential nature of discussions and any shared information

6. Non-Binding Nature: Clear statement about which provisions are non-binding, typically most of the letter except confidentiality and exclusivity

7. Next Steps: Outline of immediate actions required from each party

8. Signature Block: Space for signatures of authorized representatives from both parties