A Letter Of Intent Mall is a crucial preliminary document used in Pakistani commercial real estate transactions when parties wish to formalize their initial understanding regarding a mall development or leasing project before proceeding with detailed negotiations and definitive agreements. This document type is particularly relevant in Pakistan's growing commercial real estate sector, where it helps parties establish clear parameters for negotiation while maintaining flexibility. The LOI typically includes key commercial terms, project specifications, timelines, and any exclusivity or confidentiality requirements, while generally remaining non-binding except for specific provisions. It serves as a stepping stone toward more detailed agreements while allowing parties to outline their intentions and basic terms within the framework of Pakistani commercial and property law.

1. Parties: Identification of the parties involved, including the property owner/developer and the potential tenant/operator

2. Background: Brief context of the proposed mall development project and parties' intentions

3. Definitions: Key terms used in the LOI

4. Project Description: Overview of the proposed mall development, including location and basic specifications

5. Commercial Terms: Key business terms including proposed rental structure, service charges, and other financial considerations

6. Timeline: Proposed schedule for negotiations, due diligence, and execution of definitive agreements

7. Exclusivity: Period during which parties agree not to negotiate with other parties

8. Confidentiality: Obligations regarding confidential information shared during negotiations

9. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified provisions

10. Governing Law: Specification that Pakistani law governs the LOI