WFJ Services is a specialist in the guarantee sector regarding all private, government and municipal awarded contracts. We manage the needs of all employers, suppliers, and engineers.

Our combined experience of more than 18 years as a letter of intent specialist in South Africa has assisted our clients with the lowest possible facility rates and the best and most affordable structured collateral rates.

As a letter of intent specialist in South Africa, we offer letters of intent. These are a tender requirement through which the tenderer binds himself to his tender after submission and until the contract is awarded to him or until the tender is cancelled or awarded to another contractor.

What is a letter of intent?

A letter of intent is a document that declares one party's preliminary commitment to do business with another. The letter is commonly used in business transactions to outline the main terms of a prospective deal.

When two parties are initially brought together to negotiate the broad strokes of a deal before resolving the finer points of a transaction, letters of intent are useful. A letter of intent contains stipulations, requirements, timelines, and the parties involved.

Non-disclosure agreements (NDAs) and no-solicitation clauses are common in letters of intent.

Overall, letters of intent seek to accomplish the following:

·        Determine which critical points of a transaction must be negotiated.

·        Protect all parties involved in the transaction.

·        Declare the nature of the transaction, like a joint venture or a merger of two companies.

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Contact us today for more information about our services as a letter of intent specialist in South Africa.