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The Collaboration Letter of Intent serves as a crucial preliminary document in business negotiations under Austrian law, typically used when parties are exploring significant business cooperation but aren't yet ready to enter into a definitive agreement. This document type is particularly relevant when organizations need to formalize their intentions while maintaining flexibility in negotiations. It outlines proposed collaboration terms, timeline, and responsibilities while clearly distinguishing between binding and non-binding provisions - a critical aspect under Austrian legal framework. The document helps manage expectations, establish negotiation parameters, and protect confidential information exchanged during discussions. Under Austrian law, certain provisions of a Letter of Intent can create binding obligations through the principle of culpa in contrahendo, making it essential to carefully draft and review these documents.

1. Parties: Full legal names and addresses of all parties involved in the potential collaboration

2. Date: The effective date of the Letter of Intent

3. Purpose: Clear statement of the purpose and scope of the proposed collaboration

4. Scope of Collaboration: Overview of the main areas and activities covered by the potential collaboration

5. Key Terms: Outline of the principal terms and conditions that would form the basis of the final agreement

6. Timeline: Proposed timeline for negotiation and execution of the definitive agreement

7. Exclusivity: Whether parties are restricted from negotiating with others during this period

8. Confidentiality: Basic confidentiality obligations regarding shared information

9. Costs: How costs associated with negotiations and due diligence will be handled

10. Binding Nature: Clear statement of which provisions are binding and which are non-binding

11. Governing Law: Confirmation that Austrian law governs the Letter of Intent

12. Signatures: Execution blocks for authorized representatives of all parties