The Letter Of Intent For Business Supplier is a crucial preliminary document in Nigerian business practices, typically used when companies are seeking to establish formal supplier relationships but need to document their intentions and basic terms before proceeding with a detailed agreement. This document type is particularly relevant in Nigeria's growing economy where both local and international business relationships require clear documentation of commercial intentions. The LOI serves as a roadmap for future negotiations, typically including preliminary terms, proposed scope of supply, and any immediate binding obligations. While governed by Nigerian commercial law, it maintains a balance between formal commitment and flexibility, allowing parties to outline their business relationship while maintaining room for detailed negotiations. The document is especially useful in complex supply arrangements where due diligence or regulatory approvals may be required before finalizing a formal supplier agreement.

1. Letter Header: Company letterhead, date, reference number, and recipient's full address

2. Subject Line: Clear indication that this is a Letter of Intent for Business Supply

3. Opening Paragraph: Introduction of the writing party and reference to any previous discussions or meetings

4. Business Background: Brief description of both businesses and the context of the potential supplier relationship

5. Intent Statement: Clear statement of intention to enter into a business supplier relationship

6. Scope of Supply: Overview of products/services to be supplied and general terms of supply

7. Preliminary Terms: Key commercial terms including estimated quantities, pricing principles, and delivery expectations

8. Timeline: Proposed timeline for finalizing the formal agreement and commencing the business relationship

9. Non-Binding Statement: Clear statement that this is a non-binding document except for specific clauses

10. Confidentiality: Statement regarding the confidential nature of discussions and information exchange

11. Closing: Formal closing paragraph with next steps and contact information

12. Signature Block: Space for authorized signatures, names, and titles of both parties