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Confirmation Of Interest Letter for Philippines

Confirmation Of Interest Letter Template for Philippines

A Confirmation of Interest Letter is a formal business document used in the Philippines to express and document a party's genuine interest in pursuing a business opportunity, transaction, or potential partnership. Operating under Philippine law, particularly the Civil Code and relevant commercial regulations, this document serves as an initial step in business negotiations while typically maintaining a non-binding nature. It outlines the basic parameters of interest, proposed terms, and next steps while adhering to local business practices and legal requirements. The document is crucial for establishing preliminary business relationships and setting the stage for more detailed negotiations in the Philippine business context.

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What is a Confirmation Of Interest Letter?

The Confirmation of Interest Letter is a essential business document used in the Philippine business environment to formally communicate and document a party's serious interest in a potential business opportunity or transaction. This document type is particularly relevant when companies or individuals wish to formally express their intent to explore business opportunities such as mergers, acquisitions, partnerships, or major commercial transactions. The letter typically includes key information such as the nature of interest, basic terms, and proposed next steps, while usually maintaining a non-binding nature to allow for further negotiation and due diligence. Under Philippine jurisdiction, the document must comply with local business practices and legal requirements, including the Civil Code of the Philippines and relevant commercial regulations. The Confirmation of Interest Letter serves as a crucial stepping stone between initial discussions and more formal agreements, providing a clear framework for further negotiations while demonstrating professional commitment to the potential opportunity.

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

1. Letter Header: Including date, recipient's name, title, company, and complete address

2. Subject Line: Clear identification of the opportunity or transaction being referenced

3. Opening Statement: Formal introduction and reference to any previous discussions or communications

4. Expression of Interest: Clear and unambiguous statement confirming interest in the opportunity

5. Project/Opportunity Overview: Brief description of the opportunity or transaction being pursued

6. Basic Terms: High-level outline of key parameters of the interest (e.g., proposed investment amount, general scope)

7. Next Steps: Proposed course of action or timeline for moving forward

8. Contact Information: Designated point of contact for further communications

9. Closing: Professional closing statement, signature block with full signatory details

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

1. Confidentiality Statement: Brief confidentiality clause when dealing with sensitive business information

2. Conditions Precedent: Any key conditions that must be met before proceeding further

3. Duration of Interest: Timeframe for which the expression of interest remains valid

4. Non-Binding Statement: Clear statement that the letter does not constitute a binding commitment

5. Due Diligence Requirements: Overview of any preliminary due diligence needs or requirements

6. Resource Commitment: Indication of resources willing to be committed to further exploration of the opportunity

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

1. Company Profile: Brief overview of the interested company's background and capabilities

2. Preliminary Terms Sheet: Basic outline of proposed terms or parameters of interest

3. Supporting Documents: Any relevant certificates, licenses, or credentials that support the expression of interest

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

Philippines

Publisher

Ƶ

Document Type

Confirmation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions



















Clauses
















Relevant Industries

Real Estate Development

Manufacturing

Technology and Software

Financial Services

Energy and Utilities

Infrastructure Development

Healthcare

Education

Retail and Consumer Goods

Mining and Natural Resources

Transportation and Logistics

Telecommunications

Agriculture and Food Processing

Professional Services

Tourism and Hospitality

Relevant Teams

Legal

Corporate Development

Business Development

Finance

Strategy

Operations

Mergers & Acquisitions

Commercial

Risk Management

Corporate Secretariat

Investment

Executive Leadership

Project Management

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Corporate Strategy Director

Chief Financial Officer

Investment Manager

Legal Counsel

Corporate Secretary

Operations Director

Project Manager

Mergers & Acquisitions Director

Partnership Manager

Commercial Director

Business Unit Head

Regional 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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