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The Closing Letter of Intent is a crucial document used in the final stages of business transactions in Indonesia, serving as a formal confirmation of parties' intention to proceed to closing. This document is typically employed after principal terms have been agreed upon but before the final closing documents are executed. The Closing Letter of Intent outlines specific conditions that must be met, timelines for completion, and key steps in the closing process. Under Indonesian law, it must comply with basic contractual requirements under the Civil Code (KUHPerdata) and may need to address specific regulatory requirements depending on the transaction type. While not always legally binding in its entirety, it represents a serious commitment to proceed with the transaction and often includes certain binding provisions such as confidentiality and exclusivity. The document is particularly important in complex transactions involving multiple stakeholders or requiring regulatory approvals.

1. Date and Address Block: Formal letter heading including date and recipient's complete address details

2. Reference Line: Reference to previous agreements or LOIs, if any

3. Subject Line: Clear indication that this is a Closing Letter of Intent for the specific transaction

4. Opening Salutation: Formal greeting to the appropriate representative

5. Transaction Reference: Brief reference to the transaction and previous negotiations

6. Confirmation of Intent: Clear statement of intention to proceed with the closing of the transaction

7. Key Terms Confirmation: Summary of final key commercial terms agreed upon

8. Closing Conditions: List of conditions that need to be satisfied before closing

9. Timeline: Proposed timeline for closing and key milestones

10. Closing Process: Overview of the steps to be taken to achieve closing

11. Signature Block: Space for authorized signatories with full company details