A contract of intent, also known as a Letter of Intent (LOI), is a valuable document when parties have agreed in principle on a commercial arrangement but have yet to finalise a legally binding contract. This Letter of Intent with Provision for Pre-Contract Services/Works is designed for situations where pre-contract work needs to begin before a full contract is in place.

When should this Letter of Intent be used?

A contract of intent is particularly useful when:

• The key aspects of a deal have been agreed upon, but the commercial and legal terms are still being negotiated.
• There is a need for some pre-contract services or works to be carried out and paid for before finalising a full contract.
• The parties want to establish clear intentions while ensuring confidentiality and payment obligations are outlined.

If no pre-contract work is required, alternative documents such as the Letter of Intent for Commercial Transactions or the Memorandum of Understanding (Commercial Transactions) may be more suitable.

Legal Compliance & Key Considerations

This document complies with UK GDPR, ensuring that data protection provisions are up to date. While a contract of intent does not create a legally binding agreement, it clarifies the intentions of both parties, helping to avoid misunderstandings.

The legally binding provisions in this LOI include:

• Confidentiality – Both parties must protect and not misuse confidential information shared during negotiations.
• Payment for pre-contract work – If agreed upon, the employer must pay an amount as set out in the document.

This Letter of Intent should be replaced with a full contract as soon as possible to prevent legal uncertainties or disputes.

Why subscribe to Business Documents to download this Contract of Intent?

A contract of intent can play a critical role in setting the groundwork for a commercial agreement, particularly when pre-contract work is required. Subscription to Business Documents provides access to a selection of professionally drafted, up-to-date templates, enabling businesses to establish clear business intentions, maintain confidentiality, and facilitate contract negotiations smoothly.

A Business Documents subscription also grants access to hundreds of legal and commercial document templates, supporting businesses in areas such as contract negotiations, commercial transactions, and regulatory compliance.

What is included in this Letter of Intent?

This Letter of Intent with Provision for Pre-Contract Services/Works includes:

1. Definitions
2. Status of this LOI and other documents
3. Ongoing discussions and negotiations
4. Pre-Contract [Services] OR [Works] and Payment – Procedure
5. Pre-Contract [Services] OR [Works] - Miscellaneous
6. Confidentiality
7. Law and Jurisdiction

Letter of Intent with Provision for Pre-Contract Services/Works is part of Business . Just £38.50 + VAT provides unlimited downloads from Business for 1 year.