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Confirmation Of Interest Letter for Australia

Confirmation Of Interest Letter Template for Australia

A Confirmation of Interest Letter is a formal business document used in the Australian business context to officially express and document a party's interest in pursuing a business opportunity, transaction, or relationship. This document serves as a preliminary step in various business transactions, establishing initial commitment while typically maintaining a non-binding nature except for specific provisions such as confidentiality. Under Australian law, while not necessarily creating a binding contract, it can have legal implications and should be drafted with consideration of Australian contract law principles, privacy regulations, and relevant industry-specific legislation.

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What is a Confirmation Of Interest Letter?

The Confirmation of Interest Letter is a crucial business document used in the Australian market to formalize preliminary business discussions and express serious intent in pursuing opportunities. It serves as a stepping stone between initial discussions and more formal agreements, providing a structured way to communicate interest while managing legal and commercial risks. This document type is commonly used in merger and acquisition processes, property transactions, tender responses, and investment opportunities. The letter typically includes key information about the interested party, the nature of the opportunity, any conditions or qualifications to the interest, and proposed next steps. While generally non-binding in nature, specific sections of the letter may create legal obligations under Australian law, particularly regarding confidentiality and exclusivity provisions if included. The document should be drafted with consideration of Australian business practices and legal requirements, including the Competition and Consumer Act 2010 and relevant industry-specific regulations.

What sections should be included in a Confirmation Of Interest Letter?

1. Letter Header: Including sender's details, recipient's details, date, and reference number

2. Subject Line: Clear indication of the letter's purpose and any relevant project/transaction reference

3. Introduction: Brief context of how the interest arose and reference to any previous discussions or communications

4. Expression of Interest: Clear statement confirming interest in the opportunity/transaction/relationship

5. Basic Terms: High-level outline of key aspects of interest (e.g., project scope, asset, investment amount)

6. Next Steps: Proposed process for moving forward, including any immediate actions or timeline

7. Contact Details: Specific contact person and their details for further communication

8. Closing: Standard letter closing with signature block and title of authorized signatory

What sections are optional to include in a Confirmation Of Interest Letter?

1. Confidentiality Statement: Include when the letter contains sensitive information or when formal confidentiality acknowledgment is needed

2. Conditions Precedent: Include when interest is subject to specific conditions or approvals

3. Non-Binding Statement: Include to explicitly state that the letter does not create binding obligations (except for specific terms like confidentiality)

4. Duration of Interest: Include when the expression of interest needs to be time-bound

5. Resource Commitment: Include when specifying any initial resource allocation or commitment

6. Due Diligence Requirements: Include when preliminary due diligence needs or requirements should be outlined

What schedules should be included in a Confirmation Of Interest Letter?

1. Background Information: Additional details about the interested party's capabilities, experience, or qualifications

2. Preliminary Terms: More detailed outline of proposed terms or areas of interest

3. Supporting Documents: Relevant certificates, credentials, or corporate information

4. Timeline Overview: Detailed proposed timeline or process map for next steps

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Australia

Publisher

Ƶ

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions



















Clauses

















Relevant Industries

Real Estate & Property Development

Mining & Resources

Financial Services

Technology & Software

Infrastructure & Construction

Manufacturing & Industrial

Healthcare & Life Sciences

Energy & Utilities

Professional Services

Education & Training

Telecommunications

Agriculture & Agribusiness

Relevant Teams

Legal

Business Development

Corporate Development

Finance

Strategy

Operations

Commercial

Mergers & Acquisitions

Project Management

Risk Management

Investment

Corporate Affairs

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Chief Financial Officer

Corporate Development Director

Investment Manager

Legal Counsel

Commercial Manager

Project Director

Mergers & Acquisitions Manager

Property Development Manager

Bid Manager

Strategy Director

Operations Director

Company Secretary

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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