A Letter of Intent to Purchase Goods is commonly used in Indonesian business transactions as a preliminary step before entering into a final purchase agreement. It is particularly valuable when dealing with significant purchases that require detailed negotiation, due diligence, or regulatory approval. The document typically includes proposed commercial terms, timelines, due diligence requirements, and any conditions precedent to the final purchase. While governed by Indonesian law, particularly the Civil Code (KUHPerdata) and Law No. 7 of 2014 on Trade, most provisions are non-binding except for specific clauses like confidentiality and exclusivity. This document is essential in establishing serious intent and providing a structured framework for negotiations, especially important in Indonesian business culture where formal expressions of intent are highly valued.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Date and Parties: Opening section identifying the date and the full legal names and addresses of both the potential buyer and seller
2. Introduction: Brief statement identifying the document as a Letter of Intent regarding purchase of goods
3. Subject Matter: Clear identification of the goods intended to be purchased, including quantities and specifications
4. Proposed Terms: Key commercial terms including proposed purchase price, payment terms, and delivery expectations
5. Due Diligence: Statement regarding any inspection or verification requirements of the goods before final purchase
6. Timeline: Proposed timeline for negotiation, due diligence, and execution of final purchase agreement
7. Non-Binding Nature: Clear statement that the LOI is non-binding except for specific provisions
8. Confidentiality: Statement regarding the confidential nature of the LOI and related discussions
9. Exclusivity: Duration during which the seller agrees not to negotiate with other potential buyers
10. Closing: Signature blocks for authorized representatives of both parties
1. Governing Law: Optional section specifying that Indonesian law governs the LOI - recommended for international transactions
2. Costs and Expenses: Section addressing who bears the costs of negotiation and due diligence - useful for high-value transactions
3. Break Fee: Terms regarding any fee payable if either party withdraws - relevant for significant transactions
4. Broker/Intermediary: Section acknowledging any brokers or intermediaries involved - include if relevant
5. Foreign Investment Provisions: Special provisions relating to foreign investment regulations - necessary if transaction involves foreign investment
6. Language: Specification of prevailing language if document is bilingual - relevant for international transactions
1. Description of Goods: Detailed technical specifications, quantities, and quality standards of the goods to be purchased
2. Pricing Structure: Detailed breakdown of proposed pricing, including any variables or conditions
3. Timeline Schedule: Detailed timeline with key milestones and deadlines
4. Due Diligence Requirements: List of required documents, inspections, or verifications needed before final purchase
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Wholesale Trade
Industrial Equipment
Consumer Goods
Technology Hardware
Agricultural Products
Construction Materials
Automotive
Electronics
Textiles
Food and Beverage
Mining Equipment
Medical Supplies
Energy Equipment
Transportation
Relevant Teams
Procurement
Legal
Finance
Supply Chain
Operations
Commercial
Business Development
Compliance
Risk Management
Strategic Sourcing
Relevant Roles
Chief Procurement Officer
Purchasing Manager
Supply Chain Director
Commercial Director
Chief Financial Officer
Legal Counsel
Contract Manager
Business Development Manager
Operations Director
Category Manager
Sourcing Specialist
Procurement Analyst
General Manager
Managing Director
Finance Manager
Compliance Officer
Find the exact document you need
Selling A Car Letter Agreement
An Indonesian law-compliant document outlining terms and conditions for vehicle sale and purchase, including ownership transfer and payment terms.
find out more
Agreement For Sale Of Property
An Indonesian law-governed agreement documenting the legal transfer of property ownership between seller and purchaser, including all essential transaction terms and regulatory requirements.
find out more
Buyers Contract
An Indonesian law-governed Buyer's Contract establishing terms and conditions for purchase of goods or services, ensuring compliance with local regulations.
find out more
Exclusive Buyer Agreement
An Indonesian law-governed agreement establishing exclusive buying rights and obligations between two parties, defining territorial scope and purchase commitments.
find out more
Purchase Sale Agreement (Real Estate)
An Indonesian law-governed agreement for the sale and purchase of real estate property, ensuring legal transfer of ownership and compliance with local property regulations.
find out more
Discount Agreement
An Indonesian law-governed agreement establishing discount terms and conditions between business entities, including discount structures, qualifying criteria, and compliance requirements.
find out more
Investment Agreement Between Individual And Individual
An Indonesian law-governed agreement establishing investment terms between two private individuals, including investment amount, returns, rights, and obligations.
find out more
Letter Of Intent To Purchase Commercial (Real Estate)
A preliminary document outlining proposed terms for commercial property purchase in Indonesia, setting framework for negotiations under Indonesian law.
find out more
Binding Purchase Agreement
An Indonesian law-governed agreement that formalizes the terms and conditions of a purchase transaction between buyer and seller.
find out more
Equity Investment Contract
An Indonesian-law governed agreement documenting equity investment terms and conditions, including shareholding details and investor rights under Indonesian corporate and investment regulations.
find out more
Letter Of Intent To Purchase Goods
A preliminary document under Indonesian law expressing a buyer's intention to purchase specified goods, outlining key terms and conditions for the proposed transaction.
find out more
Heavy Equipment Purchase Agreement
An Indonesian law-governed agreement for the purchase of heavy equipment, detailing specifications, pricing, warranties, and compliance requirements.
find out more
Car Lease To Own Agreement
An Indonesian law-compliant agreement combining vehicle leasing with a pathway to ownership through structured payments.
find out more
Auto Purchase Agreement
An Indonesian law-governed agreement for the sale and purchase of motor vehicles, detailing terms, conditions, and ownership transfer requirements.
find out more
Business Sale Contract
An Indonesian law-governed agreement for the sale and purchase of a business, including terms for transfer of ownership, assets, and liabilities.
find out more
Public Offer Agreement
An Indonesian law-governed agreement setting out terms and conditions for public offers to consumers, compliant with local consumer protection and civil code requirements.
find out more
Buyback Agreement
An Indonesian law-governed agreement setting out terms for the repurchase of assets, shares, or securities from their current owner by the original seller.
find out more
Option To Buy Agreement
An Indonesian law-governed agreement granting exclusive rights to purchase specific property at preset terms within a defined period.
find out more
Online Shopping Agreement
An Indonesian-law governed agreement for e-commerce platforms and online retailers, establishing terms and conditions for online shopping transactions.
find out more
Lease Agreement With Option To Purchase
An Indonesian law-governed agreement combining property lease terms with an option for the tenant to purchase the property under specified conditions.
find out more
Home For Sale By Owner Contract
An Indonesian law-governed agreement for direct property sales between private owners and buyers, ensuring compliant property transfer and protecting both parties' interests.
find out more
Conditional Purchase Agreement
An Indonesian law-governed agreement establishing terms for a purchase transaction subject to specific conditions, compliant with Indonesian Civil Code requirements.
find out more
Auto Purchase Contract
An Indonesian law-compliant contract for the purchase and sale of motor vehicles, including terms, conditions, and ownership transfer requirements.
find out more
Agreement For Advance Payment For Purchase Of Goods
Indonesian law-compliant agreement template for managing advance payment arrangements in goods purchase transactions, incorporating key local commercial regulations and security provisions.
find out more
Purchase Agreement Extension
An Indonesian law-governed document extending an existing purchase agreement, updating terms and conditions while ensuring regulatory compliance.
find out more
Cross Purchase Agreement
An Indonesian law-governed agreement establishing terms for shareholders to purchase shares from other shareholders under specified conditions.
find out more
Contract For Selling A House By Owner
An Indonesian law-compliant agreement for direct property sale between owner and buyer, covering all essential aspects of house sale and transfer of ownership.
find out more
Purchasers Agreement
An Indonesian law-governed agreement establishing terms and conditions for purchase transactions, ensuring compliance with local regulations while protecting both buyer and seller interests.
find out more
Gold Purchase Agreement
An Indonesian law-governed agreement establishing terms and conditions for gold purchase and sale, including quality specifications, pricing, and regulatory compliance requirements.
find out more
Art Purchase Agreement
An Indonesian law-governed agreement for the purchase and sale of artwork, ensuring legal compliance while protecting both buyer's and seller's interests.
find out more
Token Purchase Agreement
An Indonesian law-governed agreement for the sale and purchase of digital tokens, ensuring regulatory compliance with Indonesian digital asset regulations.
find out more
Co Purchase Agreement
An Indonesian law-governed agreement establishing terms and conditions for multiple parties to jointly purchase and own an asset, defining rights, obligations, and management responsibilities.
find out more
Real Estate Option To Purchase Agreement
An Indonesian law-compliant agreement granting exclusive rights to purchase specified real estate property within a set timeframe and predetermined terms.
find out more
General Purchase Agreement
An Indonesian law-governed agreement setting out terms and conditions for commercial purchases, compliant with local regulations and the Civil Code.
find out more
Price Purchase Agreement
An Indonesian law-governed agreement setting out purchase price terms, payment mechanisms, and completion requirements for commercial transactions.
find out more
Goods Purchase Agreement
An Indonesian law-governed agreement for the purchase and sale of goods between commercial entities, incorporating local regulatory requirements and commercial terms.
find out more
Pre Purchase Agreement
An Indonesian law-governed agreement setting out terms and conditions for a future purchase transaction, including payment terms and delivery arrangements.
find out more
Product Purchase Agreement
An Indonesian law-governed agreement setting out terms for commercial product purchases, including specifications, pricing, delivery, and warranties.
find out more
Letter Of Intent To Purchase Shares
An Indonesian law-governed preliminary document outlining the proposed terms for share acquisition in an Indonesian company.
find out more
Building Purchase Agreement
An Indonesian law-compliant agreement for the purchase and transfer of building ownership, requiring execution before authorized officials and adherence to local property regulations.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)