PRODUCER: Hey Jeff, I've got a great project with Hugh Jackman attached. JEFF: Sounds good __ who can I call to confirm his attachment. PRODUCER: I've already taken care of that for you _ here's a letter of intent from his manager. JEFF: Hmm, how old is this? There's no date on it. PRODUCER: Not that long ago, and besides, the point is Jackman is VERY interested in my script. JEFF: You don't need a letter of intent for that. PRODUCER: Why not? I don't understand.
There are enough litigation examples on this issue around to suggest their fears are well placed. A confidentiality agreement (also called a non_disclosure agreement) and followed by a letter of intent is the two step process for allowing a business concept owner to establish a new business relationship without losing control of their business idea.