Intent To Proceed Letter Template for England and Wales

The Intent To Proceed Letter is commonly used in commercial transactions governed by English and Welsh law when parties wish to formally document their commitment to move forward with a project or transaction before executing detailed agreements. It serves as an important intermediate step between preliminary discussions and final contracts, typically including key commercial terms, timelines, and any conditions that must be met. While maintaining some flexibility, it provides greater certainty than a non-binding letter of intent while avoiding the complexity of a full contract. This document is particularly valuable in complex transactions where detailed documentation will take time to prepare but parties need to demonstrate commitment and establish clear next steps.

1. Date: Clear statement of when the letter is issued

2. Addressee Details: Full name and address of recipient

3. Project/Transaction Reference: Clear identification of the subject matter

4. Statement of Intent: Clear expression of intention to proceed with specified project/transaction

5. Key Terms: Overview of main commercial terms agreed

6. Next Steps: Clear outline of immediate actions and timeline

7. Signature Block: Space for authorized signatory