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The Letter Of Intent To Participate is a crucial preliminary document in Indonesian business practices, commonly used when a party wishes to formally express interest in joining a business venture, project, or collaboration while maintaining flexibility before final commitment. This document type is particularly relevant in Indonesia's dynamic business environment, where careful preliminary steps are often necessary before entering binding arrangements. While generally non-binding in nature, it carries significant weight in Indonesian business culture and can include certain binding provisions such as confidentiality and exclusivity. The document typically outlines the proposed scope of participation, basic commercial terms, and conditions precedent to formal participation, all while adhering to Indonesian legal requirements, particularly those set forth in the Indonesian Civil Code (KUHPerdata). It serves as a strategic tool for initiating formal business relationships while allowing parties to maintain negotiating positions and conduct necessary due diligence.

1. Letter Header: Company letterhead, date, reference number, and formal addressing of the recipient

2. Subject Line: Clear indication that this is a Letter of Intent to Participate

3. Opening Paragraph: Formal introduction and reference to any previous communications or meetings

4. Party Information: Full legal names and details of both the expressing party and the recipient

5. Expression of Interest: Clear statement of intention to participate in the specified project or venture

6. Project Overview: Brief description of the project or venture being considered

7. Scope of Participation: Outline of the intended role and extent of participation

8. Basic Terms: Key preliminary terms and conditions of the potential participation

9. Non-Binding Statement: Clear statement that this is a non-binding letter of intent except for specified provisions

10. Confidentiality Statement: Statement regarding the confidential nature of discussions and information exchange

11. Duration: Validity period of the letter of intent

12. Closing and Signature: Formal closing, signature block with authorized signatory details