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The Small Business Letter Of Intent For Business is a crucial preliminary document in the Malaysian business landscape, particularly utilized by small and medium enterprises (SMEs) when initiating new business relationships or transactions. This document type is commonly used when parties wish to formalize their initial understanding before proceeding with detailed negotiations and formal agreements. It serves as a roadmap for future discussions while providing some level of commitment between parties, though typically remaining non-binding in nature. The document is structured in accordance with Malaysian business law and common practice, incorporating essential elements such as party identification, purpose statement, key terms, and timelines. It's particularly valuable in situations involving business partnerships, supplier relationships, distribution agreements, or potential investments, where parties need to document their preliminary understanding while maintaining flexibility for detailed negotiations.

1. Header and Date: Company letterhead, date, and reference number if applicable

2. Recipient Details: Full name and address of the recipient company/individual

3. Subject Line: Clear indication of the document's purpose (Letter of Intent for [specific business purpose])

4. Introduction: Identification of the parties and their roles (sender and recipient)

5. Purpose Statement: Clear statement of business intention and scope of the proposed relationship

6. Key Terms: Outline of primary business terms, including proposed transaction or collaboration details

7. Timeline: Proposed schedule for negotiations, due diligence, and execution of formal agreements

8. Non-Binding Statement: Clear statement that this is a non-binding letter of intent (except for any specific binding provisions)

9. Closing and Signature: Formal closing, signature block for authorized representative