Letter of Intent (Construction)
Publisher one
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Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
📃 Letter of IntentBusiness activity
Letter of IntentA letter of intent is a document that establishes the intent of the parties to enter into a contract. It sets forth the material terms and conditions of the proposed agreement, and is used to gauge the willingness of the parties to move forward with the transaction. A letter of intent is not a binding contract, but may be used as evidence of the parties' intent in the event of a dispute.
A Letter of Intent (Construction) under UK law, is a legal template used for outlining the preliminary agreements and intentions between two parties involved in a construction project. This document serves as a non-binding agreement that sets out the main terms and conditions for the project before a formal contract is established. It typically includes key details such as project objectives, scope of work, timeline, pricing, and any other relevant conditions agreed upon by the parties involved. This letter aims to establish a commitment between the parties and enables them to commence work on the project while the final contract is being prepared. While it is not legally binding, the Letter of Intent helps in providing a framework and clarity for the overall project, ensuring both parties are on the same page.
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