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A Letter of Intent to Sell Products is commonly used in German business practice as a preliminary step before entering into a definitive sales agreement. It is particularly useful when parties need to document their initial understanding and commitment to negotiate while maintaining flexibility before final terms are agreed upon. This document type is essential in complex product sales scenarios where detailed due diligence, regulatory compliance checks, or extensive negotiations may be required. Under German law, while generally non-binding in nature, certain provisions such as confidentiality and exclusivity can be explicitly made binding, and the document must respect principles of pre-contractual good faith (Treu und Glauben). The LOI typically outlines proposed commercial terms, product specifications, pricing frameworks, and timelines, serving as a roadmap for subsequent negotiations while protecting both parties' interests during the preliminary phase.

1. Opening and Date: Formal business letter opening with date and addressee details

2. Party Identification: Clear identification of both parties, including full legal names and addresses

3. Statement of Intent: Clear declaration of the preliminary nature of the letter and its purpose regarding product sales

4. Product Description: Brief description of the products to be sold

5. Basic Commercial Terms: Outline of key commercial terms including proposed pricing, volumes, and delivery terms

6. Timeline: Proposed timeline for negotiation and execution of definitive agreements

7. Exclusivity Period: Duration during which parties will negotiate exclusively with each other

8. Confidentiality: Basic confidentiality obligations regarding the negotiations and shared information

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

10. Closing and Signatures: Formal closing, signature blocks, and company details