A Letter of Intent For Startup Business is a crucial preliminary document used in the Malaysian business environment when parties wish to formalize their intention to establish a startup venture while negotiating final terms. This document serves as a roadmap for future negotiations and typically includes key business terms, proposed structure, timeline, and any exclusivity or confidentiality requirements. While primarily non-binding, it demonstrates commitment and can help secure initial resources or support. Under Malaysian jurisdiction, it should align with local business laws and regulations, particularly the Companies Act 2016 and Contracts Act 1950. It's commonly used before detailed agreements are drafted and serves as a foundation for due diligence and formal negotiations.

1. Date and Address Block: Formal letter heading with date and recipient's complete address

2. Subject Line: Clear indication that this is a Letter of Intent for the specific business venture

3. Introduction of Parties: Identification of all parties involved, including full legal names and business addresses

4. Expression of Intent: Clear statement of business intention and purpose of the letter

5. Business Overview: Brief description of the proposed business venture, including nature of business and core activities

6. Key Terms: Outline of fundamental business terms, including proposed structure, roles, and responsibilities

7. Timeline: Proposed timeline for business establishment and key milestones

8. Financial Overview: Basic financial terms, including initial investment requirements or commitments

9. Next Steps: Outline of the process moving forward, including due diligence and formal agreement preparation

10. Non-Binding Statement: Clear statement that the LOI is non-binding except for specific clauses

11. Signature Block: Space for signatures, names, and titles of authorized representatives