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A Company Letter of Intent serves as a crucial preliminary document in Austrian business transactions, typically used when parties wish to formally express their serious interest in pursuing a business relationship or transaction while maintaining flexibility for detailed negotiations. This document type is particularly relevant under Austrian law, where pre-contractual obligations can create binding commitments even during preliminary stages. The Letter of Intent helps define the scope of these obligations while providing a framework for further discussions. It typically includes key commercial terms, timelines, and any binding provisions (such as confidentiality or exclusivity), while clearly distinguishing which elements are non-binding. Austrian law provides specific considerations for such preliminary agreements, particularly through the ABGB and UGB, making it essential to draft the document in compliance with local legal requirements and business customs.

1. Letterhead and Date: Company letterhead with full legal entity name, registration details, and date of the letter

2. Recipient Details: Full name and address of the recipient company including their registration details

3. Subject Line: Clear indication that this is a Letter of Intent and brief description of the proposed transaction

4. Opening Statement: Formal introduction and identification of the parties involved

5. Purpose and Scope: Clear statement of the intended transaction or relationship being proposed

6. Key Terms: Outline of the fundamental terms and conditions being proposed

7. Timeline: Proposed schedule for negotiation, due diligence, and completion

8. Binding vs Non-binding Provisions: Clear statement of which provisions are intended to be legally binding

9. Closing and Signatures: Formal closing, signature blocks for authorized representatives