Document background
A Letter Of Intent To Sell Products is commonly used in Hong Kong's business environment when parties wish to formalize their preliminary understanding regarding a product sale transaction before entering into a detailed, binding agreement. This document type is particularly relevant in Hong Kong's dynamic trading environment, where it serves as a stepping stone towards more comprehensive agreements. It typically includes essential terms such as product specifications, proposed pricing, delivery terms, and timeline for negotiation, while maintaining flexibility for further discussion. The document is especially useful in complex transactions where due diligence is required or when parties need to demonstrate serious intent to their stakeholders. While governed by Hong Kong law, it can accommodate international trade practices, making it suitable for both domestic and cross-border transactions.
