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The Letter Of Intent To Participate In Project is a crucial preliminary document in Indonesian business transactions, particularly used in the initial stages of large-scale projects or significant business ventures. It serves as a formal expression of interest while allowing parties to maintain flexibility before entering into binding commitments. This document type is especially relevant in Indonesia's business environment, where formal preliminary agreements are valued as important steps in building business relationships. The LOI typically precedes more detailed agreements and helps establish the framework for due diligence, negotiation, and project planning. It is particularly important in sectors requiring regulatory approvals or involving government entities, as it can serve as a basis for initiating formal processes with Indonesian authorities. While generally non-binding, it often includes specific binding provisions such as confidentiality and exclusivity clauses, and must be drafted in accordance with Indonesian civil law principles.

1. Letter Header: Company letterhead, date, reference number, and formal addressing of recipient with full company details

2. Subject Line: Clear identification of the project and nature of the letter (Letter of Intent to Participate in [Project Name])

3. Opening Statement: Formal introduction and reference to any previous discussions or communications

4. Project Identification: Clear description of the project, including its name, location, and basic scope

5. Expression of Intent: Clear statement of the party's intention to participate in the project and in what capacity

6. Basic Terms: High-level outline of key terms including proposed role, responsibilities, and preliminary commercial terms

7. Conditions: Key conditions that need to be met before proceeding with formal participation

8. Timeline: Proposed schedule for next steps, including due diligence and formal agreement execution

9. Non-Binding Statement: Clear statement about which elements are non-binding (typically all except confidentiality and exclusivity if included)

10. Closing: Formal closing statement, signature block with authorized signatory details