In many circumstances the reason for disclosing the information is because the other party has the strength and ability to take the idea forward; the missing piece of the puzzle is the actual business concept. Business concept owners are often fearful that by disclosing information to a second party will result in that party taking the idea and developing it to commercial realty without them.
The Letter of Intent is a non_binding document of inquiry, stating one's interest and intent. The more appropriate document for an Importer to use when initiating contact with an Exporter or supplier is an RFQ _ Request for Quotation. Many brokers and new traders believe that the LOI establishes some sort of firm inquiry, nothing can be further from the truth. There is absolutely nothing binding whatsoever about an Letter of Intent because all that it does is to establishes an intention _ for example, I can sit