51��Ƶ����

The Letter of Intent for Service Providers is a crucial preliminary document in Indonesian business practice, typically used when parties are preparing to enter into a service provision arrangement but need to formalize their initial understanding and negotiate detailed terms. This document type is particularly relevant in Indonesia's growing service sector, where both domestic and international service providers need to navigate local regulatory requirements while establishing business relationships. The LOI helps parties outline key commercial terms, timelines, and expectations while maintaining flexibility for detailed negotiations. It typically includes both non-binding elements covering proposed commercial terms and binding elements such as confidentiality and exclusivity provisions. Under Indonesian law, particularly considering Law No. 24 of 2009, the document may need to be prepared bilingually, and should reference relevant regulatory requirements for the specific service sector involved.

1. Date and Parties: Identification of parties including full legal names, addresses, and company registration details as per Indonesian requirements

2. Background/Recitals: Context of the proposed arrangement and relationship between the parties

3. Definitions: Key terms used in the LOI, particularly those relating to the proposed services

4. Scope of Services: High-level description of the services to be provided and key deliverables

5. Proposed Commercial Terms: Outline of the principal commercial terms including proposed pricing structure

6. Timeline: Proposed timeline for negotiation, due diligence, and execution of definitive agreement

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

8. Binding Provisions: Specifically identified binding provisions such as confidentiality, exclusivity if applicable, and governing law

9. Execution: Signature blocks for authorized representatives of both parties