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The Letter Of Intent For Contract Renewal is a crucial document in Pakistani business practice, typically used when parties wish to extend an existing contractual relationship but need to formalize their intentions before preparing the full renewal documentation. This document is particularly relevant in situations where the original contract is approaching its expiration date, or where parties need to document their commitment to renewal while finalizing specific terms. Under Pakistani law, while not fully binding, it carries legal weight and should be carefully drafted to reflect accurate intentions and any proposed modifications to the existing agreement. The document typically includes references to the original contract, proposed renewal terms, timeline for formal renewal, and any new conditions or changes to be incorporated in the renewed contract. It serves as an important tool for business continuity and relationship management, providing a clear framework for the renewal process while allowing flexibility for final negotiations.

1. Letter Header: Full legal names and addresses of both parties, date, and reference number

2. Subject Line: Clear indication that this is a Letter of Intent for Contract Renewal

3. Opening Reference: Reference to the existing contract including its date, parties, and subject matter

4. Expression of Intent: Clear statement of intention to renew the existing contract

5. Current Contract Status: Confirmation of current contract's expiry date and good standing

6. Proposed Renewal Period: Specific timeframe for the proposed contract renewal

7. Basic Terms Confirmation: Statement confirming whether existing terms will continue or noting major changes

8. Next Steps: Timeline and process for formalizing the renewal

9. Closing: Standard closing, signature blocks for authorized representatives