précontract
A précontract, also known as a preliminary contract or a letter of intent in some jurisdictions, is an agreement entered into by parties before they finalize a definitive contract. Its primary purpose is to outline the key terms and conditions that will form the basis of the future, more comprehensive agreement. While not always legally binding in its entirety, a précontract can create certain obligations, such as a duty to negotiate in good faith or to refrain from negotiating with third parties.
The specific legal effect of a précontract varies significantly depending on the applicable law and the wording