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A Letter of Intent to Sell Products is commonly used in Australian business transactions as a preliminary step before entering into a formal sale agreement. It is particularly useful when parties have reached general agreement on key commercial terms but need to document their understanding while working toward a definitive agreement. The document typically includes essential elements such as product specifications, proposed pricing, delivery terms, and any conditions precedent to forming a final agreement. While primarily non-binding, it often contains certain binding provisions such as confidentiality and exclusivity clauses. This type of document is governed by Australian contract law principles and must comply with relevant federal and state legislation, including the Competition and Consumer Act 2010 and applicable state-based Sale of Goods Acts. It serves as a valuable tool for complex commercial transactions where parties need to demonstrate commitment and outline basic terms before investing resources in detailed negotiations and due diligence.

1. Date and Addresses: Full names and addresses of both sender and recipient

2. Opening Statement: Clear statement that this is a Letter of Intent regarding product sales

3. Parties Introduction: Identification of the parties, including full legal names and any relevant business details

4. Purpose and Background: Brief context of the proposed transaction and relationship between the parties

5. Products Description: General description of the products intended to be sold

6. Commercial Terms: Key commercial terms including estimated quantities, pricing principles, and delivery expectations

7. Timeline: Proposed timeline for negotiation and execution of the final agreement

8. Non-Binding Nature: Clear statement about which provisions are non-binding vs binding

9. Next Steps: Outline of the process moving forward

10. Signature Block: Space for signatures, names, and titles of authorized representatives