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A Letter of Intent to Sell Products is commonly used in Philippine business transactions as a preliminary step before entering into a formal sales agreement. This document is particularly useful when parties want to formally express their serious intention to enter into a business relationship while still negotiating final terms. It serves as a roadmap for future negotiations and typically includes basic terms such as product descriptions, proposed pricing, quantity estimates, and delivery arrangements. While governed by Philippine law, including the Civil Code and commercial regulations, it is generally non-binding except for specific provisions like confidentiality. This type of document is especially valuable in complex transactions where parties need to demonstrate commitment to their stakeholders or require documentation for internal approvals before proceeding with a final agreement.

1. Sender and Recipient Details: Complete contact information and addresses of both parties

2. Date: Date of the letter

3. Subject Line: Clear indication that this is a Letter of Intent to Sell Products

4. Introduction: Brief introduction of the sender company and the purpose of the letter

5. Product Details: Basic description of the products intended to be sold

6. Commercial Terms: Overview of key commercial terms including proposed pricing, quantity, and delivery terms

7. Duration: Proposed timeline or duration for the intended transaction

8. Next Steps: Outline of the process moving forward

9. Non-Binding Statement: Clear statement that this is a non-binding letter of intent

10. Closing: Standard closing, signature block, and contact information