The letter of intent is a call to negotiate. It allows parties to confirm their common intention to discuss the possibility of an eventual agreement or partnership. A letter of intent is therefore useful when you want to express your interest in a possible partnership or agreement with another company, without committing yourself to anything.

Without being a contract binding the parties to do business together or to reach a final agreement, the letter of intent makes it possible to set out the important points of discussion to be addressed by the parties.

Establishing these discussion points is essential to organize your future partnership, particularly from the point of view of the role and responsibilities of each party, financial commitments and the sharing of income and expenses. It obliges you and your partner to negotiate in good faith and to discuss the possible agreement or partnership.