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Expression Letter Of Interest for Indonesia

Expression Letter Of Interest Template for Indonesia

A Letter of Interest under Indonesian law is a formal preliminary document that expresses a party's intention to engage in a potential business transaction or relationship. This document, while typically non-binding, must comply with Indonesian civil law requirements and may need to be bilingual as per Law No. 24 of 2009. It serves as an initial step in business negotiations, outlining the party's serious interest in pursuing a specific opportunity while reserving detailed terms for future definitive agreements. The document typically includes basic proposed terms, company information, and the scope of potential collaboration, all while maintaining flexibility for future negotiations.

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What is a Expression Letter Of Interest?

The Expression Letter of Interest is a crucial preliminary document in Indonesian business practice, used to formally initiate potential business relationships or signal interest in specific opportunities. It serves as a strategic tool in the early stages of business development, particularly in sectors requiring careful relationship building and formal communication channels. Under Indonesian law, while typically non-binding, the LOI must be carefully drafted to avoid creating unintended obligations under the Indonesian Civil Code (KUHPerdata). The document is commonly used in various contexts, from property acquisitions to joint venture discussions, and often precedes more detailed negotiations. When involving Indonesian parties, consideration must be given to language requirements under Law No. 24 of 2009, potentially necessitating bilingual execution. The Expression Letter of Interest helps establish serious intent while maintaining flexibility for future negotiations and due diligence processes.

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

1. Letter Header: Company letterhead, date, reference number, and recipient's complete address

2. Subject Line: Clear indication that this is a Letter of Interest and brief description of the proposed opportunity

3. Opening Statement: Formal introduction and clear statement of interest in the specific opportunity or collaboration

4. Company Introduction: Brief overview of the sending company, including relevant experience and capabilities

5. Project/Opportunity Overview: Specific details about the opportunity or project of interest

6. Proposed Engagement: High-level outline of how the sender envisions the potential collaboration or transaction

7. Next Steps: Proposed actions for moving forward, including suggested meeting or further discussion

8. Contact Information: Detailed contact information for the primary point of contact

9. Closing: Formal closing statement, signature block with authorized signatory details

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

1. Initial Financial Parameters: Include when there's a need to indicate preliminary financial terms or investment ranges

2. Confidentiality Statement: Add when sensitive information is included in the letter

3. Time Limitations: Include when the expression of interest has a specific validity period

4. Regulatory Compliance: Add when the proposed opportunity involves regulated industries or activities

5. Non-Binding Statement: Include when there's a need to explicitly state that the letter does not create binding obligations

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

1. Company Profile: Detailed information about the company's background, experience, and capabilities

2. Preliminary Terms Sheet: Basic outline of proposed terms if the transaction is more complex

3. Supporting Documents: Relevant certificates, licenses, or other documentation demonstrating company qualifications

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

Indonesia

Publisher

Ƶ

Document Type

Letter of Intent

Cost

Free to use
Relevant legal definitions
















Clauses















Relevant Industries

Real Estate Development

Infrastructure

Manufacturing

Technology

Energy

Mining

Agriculture

Healthcare

Education

Financial Services

Telecommunications

Transportation

Hospitality

Retail

Construction

Relevant Teams

Legal

Business Development

Corporate Strategy

Executive Leadership

Finance

Operations

Commercial

Corporate Affairs

Investment

Risk Management

International Relations

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Legal Counsel

Corporate Secretary

Investment Manager

Project Director

Head of Strategy

Commercial Director

Chief Financial Officer

Operations Director

General Manager

Partnership Manager

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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