Document background
A Letter of Interest for Business is commonly used in England and Wales as an initial step in business negotiations. It serves to formally document a party's interest in pursuing a commercial opportunity while maintaining flexibility before entering into binding agreements. The document typically includes details about the interested party, the nature of the proposed transaction, and any specific terms or conditions for further discussion. While primarily non-binding, care must be taken when drafting to clearly distinguish any binding provisions (such as confidentiality clauses) from non-binding expressions of intent.
