Document background
The Letter of Interest for Business is a crucial initial document in Philippine business negotiations, typically used when a company or individual wishes to formally express interest in a business opportunity, potential partnership, or acquisition. While non-binding in nature, this document must be crafted in accordance with Philippine business laws and customs, particularly considering the Civil Code of the Philippines and the Code of Commerce. The letter serves as a professional introduction and preliminary proposal, outlining the interested party's credentials, initial concepts, and proposed next steps. It's commonly used in various scenarios including merger and acquisition discussions, partnership proposals, investment opportunities, or major business transactions. The document should be detailed enough to demonstrate serious intent while maintaining flexibility for future negotiations.
