The Architecture Letter of Intent is a crucial preliminary document used in Austrian construction and development projects to establish initial understanding between parties before committing to a full architectural services agreement. It serves as a stepping stone to a more comprehensive contract while providing certain binding elements under Austrian law. This document is particularly valuable when parties need to formalize their preliminary discussions and protect confidential information exchange, while still maintaining flexibility for detailed negotiations. The Letter of Intent typically precedes larger architectural projects and helps secure exclusivity during negotiations. It must comply with Austrian Civil Code (ABGB) requirements and architectural profession regulations (ZTG), making it a legally sound foundation for future collaboration while protecting both parties' interests during the preliminary phase.
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1. Parties: Identification of the client and the architect/architectural firm, including full legal names, addresses, and registration numbers
2. Background: Brief description of the proposed project and the purpose of the LOI
3. Definitions: Key terms used throughout the document
4. Project Scope: High-level description of the proposed architectural services and project parameters
5. Intended Timeline: Proposed schedule for negotiation of definitive agreement and preliminary project milestones
6. Preliminary Fee Structure: Indicative fee arrangement and payment terms, with reference to GOA guidelines
7. Exclusivity Period: Period during which parties agree not to negotiate with other parties
8. Confidentiality: Binding obligations regarding confidential information exchange
9. Binding Provisions: Clear statement of which provisions are legally binding (typically confidentiality, exclusivity, and governing law)
10. Duration and Termination: Validity period of the LOI and conditions for termination
11. Governing Law: Confirmation of Austrian law as governing law and jurisdiction
1. Cost Estimates: Preliminary cost estimates for the project, used when initial budgeting is critical to project viability
2. Due Diligence: Framework for technical and legal due diligence, included when significant investigation is needed before definitive agreement
3. Break Fee: Compensation provisions if either party withdraws, included for larger projects with significant preliminary work
4. Intellectual Property: Preliminary provisions regarding ownership of designs and documents, included when significant design work is contemplated during LOI period
5. Insurance Requirements: Preliminary insurance requirements, included for high-value or complex projects
6. Dispute Resolution: Alternative dispute resolution procedures, included for international projects or when specific resolution mechanisms are preferred
1. Preliminary Project Brief: Initial project requirements and objectives
2. Site Information: Basic information about the project site and any known constraints
3. Indicative Timeline: Detailed breakdown of proposed project phases and milestones
4. Fee Calculation Basis: Reference to GOA guidelines and basis for fee calculations
5. Key Personnel: List of key team members from both parties involved in the project
6. Preliminary Drawings: Any initial concept sketches or drawings, if already developed
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Relevant Industries
Real Estate
Construction
Education
Healthcare
Commercial Property
Residential Development
Industrial Development
Public Infrastructure
Hospitality
Retail
Cultural Institutions
Sports & Recreation
Relevant Teams
Legal
Project Management
Architecture
Development
Construction
Real Estate
Procurement
Finance
Operations
Facilities Management
Relevant Roles
Chief Executive Officer
Project Director
Development Manager
Property Manager
Architect
Senior Architect
Project Manager
Construction Manager
Legal Counsel
Contracts Manager
Facilities Director
Real Estate Director
Chief Financial Officer
Investment Manager
Procurement Manager
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