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A Letter Of Intent For Food Stall is commonly used in the Philippines as an initial step in establishing a food service business within a commercial space. This document serves as a formal expression of interest between a prospective food stall operator and a property owner/manager, outlining key terms and conditions before proceeding with a full lease agreement. It's particularly relevant in the context of Philippine business practices, where preliminary agreements are customary before finalizing commercial arrangements. The document typically addresses proposed location, basic commercial terms, operational requirements, and compliance with local regulations including food safety standards and business permits. While generally non-binding (except for specific provisions like confidentiality), it sets the framework for subsequent negotiations and helps parties align their expectations before investing significant resources in the venture.

1. Date and Parties: Full names and addresses of both parties - the food stall operator and the property owner/mall management

2. Expression of Interest: Clear statement of intent to establish and operate a food stall, including the concept and type of food to be served

3. Proposed Location: Specific details of the intended location, including floor area and position within the premises

4. Basic Commercial Terms: Outline of key financial terms including proposed rent, revenue sharing if any, and other financial obligations

5. Proposed Timeline: Expected dates for lease signing, construction/fit-out, and commencement of operations

6. Due Diligence: Brief outline of any required documentation or permits to be provided

7. Non-Binding Nature: Statement clarifying that this is not a binding agreement except for specific provisions

8. Contact Details: Key contact persons and their details for further negotiations

9. Signature Block: Space for signatures of authorized representatives from both parties