������Ƶ

The Letter of Intent to Work Together is a crucial preliminary document in Malaysian business practice, commonly used when organizations are exploring potential collaborations or partnerships. This document type serves as a stepping stone between initial discussions and formal agreements, allowing parties to outline their intentions and basic terms of cooperation while maintaining flexibility. It typically includes information about the proposed scope of collaboration, timeline, and any immediate commitments, while clearly stating its generally non-binding nature. Under Malaysian law, particularly considering the Contracts Act 1950, certain provisions within the Letter of Intent can be made binding if explicitly stated, such as confidentiality and exclusivity clauses. The document is particularly valuable in cross-border transactions, joint ventures, and strategic partnerships where parties need to demonstrate serious intent while still negotiating final terms.

1. Letter Header: Contains date, recipient details, and reference number if applicable

2. Introduction: Identifies the parties and their basic details

3. Purpose Statement: Clear statement of intent to collaborate and brief overview of the proposed relationship

4. Scope of Collaboration: High-level description of the intended areas of cooperation or joint activities

5. Duration: Proposed timeframe for the collaboration or next steps

6. Non-Binding Nature: Statement clarifying that this is a non-binding expression of intent (except for any specifically binding provisions)

7. Next Steps: Outline of the process toward formal agreement

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