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The Confirmation Letter of Intent is a crucial document in Austrian business practice, typically used in the preliminary stages of significant business transactions such as mergers, acquisitions, joint ventures, or major commercial partnerships. While maintaining its primary nature as a non-binding document, it must carefully navigate Austrian legal requirements regarding pre-contractual obligations and good faith negotiations. The document serves to memorialize discussions and understandings reached between parties, establish a framework for further negotiations, and outline key terms and conditions. It's particularly important in Austrian jurisdiction where the doctrine of culpa in contrahendo creates specific pre-contractual duties and potential liabilities. The Confirmation Letter of Intent typically includes provisions about confidentiality, exclusivity (if relevant), and the proposed timeline for completing the transaction, while clearly distinguishing between binding and non-binding elements.

1. Letterhead and Date: Official company letterhead with current date, following Austrian business letter formats

2. Recipient Details: Full name, title, and address of the recipient, including company details

3. Subject Line: Clear reference to 'Confirmation of Letter of Intent' and the specific project or transaction

4. Reference to Prior Discussions: Summary of previous meetings, discussions, or negotiations that led to this confirmation

5. Confirmation of Intent: Clear statement of the parties' intentions and the general scope of the proposed transaction or relationship

6. Key Terms Summary: Brief outline of the main points agreed upon in principle

7. Timeline and Next Steps: Proposed timeline for moving forward and any immediate actions required

8. Non-Binding Nature: Clear statement about which elements are non-binding (if any) and which create legal obligations

9. Confidentiality Statement: Brief statement regarding the confidential nature of the discussions and this confirmation

10. Closing and Signature: Formal closing, signature block with full signatory details