Letter of Intent (LOI): Letter of intent for a planned collaboration

A letter of intent is a written declaration of intent in which the parties set out their interest in a future collaboration or the conclusion of a contract. It serves as the basis for further negotiations and sets out key points such as objectives, timeframes and conditions. Only certain parts are usually binding, such as confidentiality or exclusivity agreements. The aim is to create clarity about the basis for negotiations and to structure the further process.