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A Letter Of Intent For Selling Product is a crucial preliminary document used in commercial transactions within the UAE when parties wish to formalize their intentions regarding a product sale before entering into a definitive agreement. This document type is particularly relevant in the UAE market where formal business communications and clear documentation of commercial intentions are highly valued. The letter typically includes proposed commercial terms, product specifications, pricing indicators, and timeline for the transaction, while clearly stating which provisions are binding and non-binding. It operates within the UAE's sophisticated commercial law framework, which combines civil law principles with Islamic law influences. The document is especially useful in complex product sales where detailed due diligence or regulatory approvals may be required, or when parties need to demonstrate serious intent while still negotiating final terms. While not as common in simple transactions, it becomes increasingly important in high-value deals or when dealing with regulated products in the UAE market.

1. Letter Head and Date: Company letterhead, date, and reference number if applicable

2. Addressee Details: Full name and address of the recipient company/individual

3. Subject Line: Clear indication that this is a Letter of Intent for product sale

4. Introduction: Brief introduction identifying the parties and their roles (seller/buyer)

5. Product Description: Clear identification and description of the products intended for sale

6. Commercial Terms: Key commercial terms including proposed pricing, quantity, and delivery terms

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

8. Due Diligence: Process and timeline for any required due diligence

9. Exclusivity: Any exclusivity terms during the negotiation period

10. Confidentiality: Statement regarding confidentiality of discussions and information

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

12. Binding Provisions: Identification of which provisions are binding (typically confidentiality, exclusivity, and governing law)

13. Governing Law: Statement that UAE law governs the LOI

14. Signature Block: Space for signatures of authorized representatives