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A Joint Venture Letter is typically used in the initial stages of business collaboration discussions in Indonesia, serving as a precursor to a formal Joint Venture Agreement. This document is essential when parties wish to formally express their interest in forming a joint venture while outlining key commercial terms and proposed structure. It provides a framework for further negotiations while considering Indonesian investment laws, foreign ownership restrictions, and sector-specific regulations. The letter should be drafted in both English and Indonesian languages to comply with Law No. 24 of 2009, and typically includes proposed ownership structures, business objectives, initial commitments, and timeline for implementation. While not legally binding in its entirety, certain provisions such as confidentiality and exclusivity may be explicitly made binding.

1. Letter Header and Date: Complete letterhead information, date, and reference number if applicable

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

3. Subject Line: Clear indication that this is regarding a Joint Venture Proposal/Arrangement

4. Introduction: Brief introduction of the sending company and its business activities

5. Business Opportunity: Description of the proposed joint venture opportunity and market potential

6. Proposed Structure: Outline of the proposed joint venture structure, including ownership percentages and capital contribution

7. Scope of Cooperation: Key areas of collaboration and main business activities of the proposed joint venture

8. Roles and Responsibilities: High-level overview of each party's proposed contributions and responsibilities

9. Initial Timeline: Proposed schedule for negotiation, due diligence, and implementation

10. Next Steps: Proposed immediate actions and path forward

11. Confidentiality Statement: Brief statement about the confidential nature of the proposal

12. Closing: Formal closing statement, signature block, and company stamp (if applicable)