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Short Simple Letter Of Interest Template for England and Wales

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Key Requirements PROMPT example:

Short Simple Letter Of Interest

"I need a Short Simple Letter of Interest to express our company's intention to purchase a manufacturing facility in Manchester, with a proposed timeline for due diligence starting March 2025 and including a 60-day exclusivity period."

Document background
A Short Simple Letter of Interest is commonly used in the early stages of business negotiations under English and Welsh law. It serves as a formal way to express interest in a potential transaction or relationship before committing to detailed due diligence or formal agreements. The document typically includes basic information about the interested party, the nature of the opportunity, and potential next steps, while maintaining its non-binding status. It's particularly useful for initiating discussions in mergers, acquisitions, joint ventures, or significant business partnerships where parties need to document their preliminary intentions without creating legal obligations.
Suggested Sections

1. Date and Addressee Details: Full contact information of both parties including names, addresses, and relevant business details

2. Purpose Statement: Clear statement of interest in the proposed transaction or relationship, setting out the main objective

3. Project/Transaction Overview: Brief description of the proposed arrangement or business opportunity being explored

4. Non-Binding Nature: Explicit statement that the letter is non-binding and does not create legal obligations between parties

5. Next Steps: Proposed course of action or timeline for moving the discussions forward

6. Signature Block: Space for signature, name, title, and company details of the sender

Optional Sections

1. Exclusivity: Optional clause requesting exclusive negotiation rights for a specified period

2. Confidentiality: Provisions regarding the treatment and protection of confidential information exchanged during discussions

3. Cost Allocation: Terms describing how any preliminary costs or expenses will be handled between parties

Suggested Schedules

1. Initial Terms Sheet: High-level outline of proposed commercial terms and key points for negotiation

2. Project Timeline: Proposed schedule for negotiations and completion of the potential transaction

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















Clauses

















Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property (Miscellaneous Provisions) Act 1989: Fundamental legislation governing property-related contracts and formal requirements for certain types of agreements in England and Wales

Common Law Contract Formation Principles: Essential principles covering offer, acceptance, consideration, and intention to create legal relations in English contract law

Doctrine of Consideration: Common law principle requiring exchange of value, though less relevant for non-binding Letters of Interest

Misrepresentation Act 1967: Legislation governing false or misleading statements made during pre-contractual negotiations and statements of intention

Business Protection from Misleading Marketing Regulations 2008: Regulations protecting businesses from misleading statements in commercial communications

UK General Data Protection Regulation: Primary data protection legislation governing how personal information must be handled in the UK post-Brexit

Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR

Non-binding Designation: Legal requirement to clearly mark the letter as non-binding to avoid creating unintended legal obligations

Confidentiality Obligations: Legal principles governing the handling and protection of confidential information shared during preliminary discussions

Subject to Contract Doctrine: Common law principle establishing that negotiations marked 'subject to contract' are not legally binding until formal contract execution

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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