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The Letter Of Intent For Consulting Services serves as a crucial preliminary step in establishing professional consulting relationships in the Australian business environment. It is typically used when parties have agreed in principle to a consulting arrangement but need to document their initial understanding before proceeding with a comprehensive agreement. This document outlines key terms such as scope of services, proposed fee structures, and timeline, while clearly distinguishing between binding and non-binding provisions. The letter follows Australian legal requirements and business practices, providing a framework for negotiation while protecting both parties' interests through specific binding elements like confidentiality provisions. It's particularly valuable in complex consulting arrangements where detailed due diligence or negotiation is required before finalizing the formal consulting agreement.

1. Date and Addresses: Current date and full legal names and addresses of both parties

2. Opening Salutation: Formal greeting addressing the recipient

3. Introduction: Identifies the parties and purpose of the letter

4. Proposed Engagement Overview: Brief description of the proposed consulting arrangement and its general purpose

5. Scope of Services: High-level outline of the proposed consulting services

6. Proposed Commercial Terms: Preliminary discussion of key commercial terms including proposed fee structure

7. Timeline and Next Steps: Proposed timeline for negotiating and executing the final agreement

8. Non-Binding Nature: Clear statement about which provisions are non-binding

9. Binding Provisions: Specification of which provisions are binding (typically confidentiality, exclusivity if applicable, and governing law)

10. Closing and Signatures: Formal closing, signature blocks for both parties