A Letter Of Intent To Sell Products is a crucial preliminary document used in commercial transactions when parties wish to formalize their intentions before entering into a definitive sales agreement. This document is particularly relevant in the Dutch legal context, where it serves as a stepping stone towards a final contract while providing structure to negotiations. It typically includes proposed commercial terms, product specifications, timeline for negotiations, and any binding provisions such as confidentiality or exclusivity. While predominantly non-binding, certain sections can be made explicitly binding under Dutch law. The document is commonly used in situations involving significant commercial transactions, new business relationships, or complex product sales arrangements where parties need to align their expectations and outline key terms before committing to a full agreement. Its flexibility makes it suitable for both domestic Dutch transactions and international trade relationships where Dutch law governs the arrangement.

1. Date and Parties: Opening of letter identifying the sender and recipient with full legal names and addresses

2. Introduction and Background: Brief context of the proposed transaction and relationship between parties

3. Subject Matter: Clear identification of products intended to be sold and general scope of the proposed transaction

4. Commercial Terms: Outline of key commercial terms including proposed pricing structure, estimated volumes, and delivery terms

5. Timeline: Proposed timeline for negotiation, due diligence, and execution of definitive agreements

6. Exclusivity: Any exclusivity arrangements during the negotiation period

7. Confidentiality: Statement regarding confidentiality of discussions and shared information

8. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified provisions

9. Binding Provisions: Identification of which provisions are binding (typically confidentiality, exclusivity, governing law)

10. Closing: Signature blocks and formal closing of the letter