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The Letter Of Intent Project Management document is a crucial preliminary instrument in the Philippine business environment, typically used when parties intend to enter into a project management arrangement but need to establish initial terms before drafting a comprehensive agreement. This document type is particularly relevant in the Philippine context where major development and infrastructure projects often require structured preliminary agreements. It outlines key aspects such as scope of services, preliminary timelines, and basic commercial terms, while clearly distinguishing between binding and non-binding provisions in accordance with Philippine law. The LOI serves as a stepping stone toward a formal project management agreement, providing a framework for negotiation while protecting both parties' interests during the preliminary stages of their business relationship.

1. Date and Parties: Opening section identifying the date and the full legal names and addresses of all parties involved

2. Introduction: Brief statement establishing that this is a Letter of Intent for project management services

3. Project Overview: High-level description of the project scope, location, and general objectives

4. Scope of Project Management Services: Outline of the intended project management services to be provided

5. Proposed Timeline: Preliminary project timeline and major milestones

6. Commercial Terms: Preliminary agreement on key commercial terms including estimated fees and payment structure

7. Period of Validity: Duration for which the LOI remains valid and deadline for executing final agreements

8. Non-Binding Provisions: Clear statement of which provisions are non-binding, typically including commercial terms

9. Binding Provisions: Specification of which provisions are binding, typically confidentiality and exclusivity

10. Next Steps: Outline of the process toward reaching a final agreement

11. Signatures: Execution block for authorized representatives of all parties