The Letter Of Intent to Sell is a crucial preliminary document in Australian business transactions, commonly used when parties wish to formalize their initial understanding before proceeding with a full sale agreement. It's particularly relevant in situations where detailed due diligence is required or when parties need to demonstrate serious intent while still maintaining flexibility in negotiations. The document typically includes proposed commercial terms, timelines, confidentiality provisions, and any exclusivity arrangements, while clearly stating its generally non-binding nature (except for specific provisions like confidentiality). Used across various industries and governed by Australian contract law principles, it serves as a roadmap for negotiation while providing some protection for both parties' interests during the pre-contractual phase.

1. Letter Header: Date, recipient's name and address, and sender's details

2. Subject Line: Clear identification of the document as a Letter of Intent regarding the specific sale proposition

3. Opening Paragraph: Introduction of the parties and brief statement of intent to explore the sale transaction

4. Transaction Overview: High-level description of the proposed transaction, including the asset or business to be sold

5. Key Terms: Outline of principal terms including proposed purchase price, payment terms, and basic structure of the transaction

6. Timeline: Proposed schedule for due diligence, negotiation, and completion of the transaction

7. Non-Binding Nature: Clear statement that the letter is non-binding except for specific provisions

8. Confidentiality: Statement regarding the confidential nature of discussions and information exchanged

9. Exclusivity: If applicable, terms of any exclusive negotiation period

10. Next Steps: Outline of immediate actions required from each party

11. Closing: Signature blocks and formal letter closing