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The Letter of Intent to Purchase is a crucial preliminary document in Indonesian business transactions, commonly used when a potential buyer wishes to formally express their serious intention to acquire assets, businesses, or properties. It serves as a stepping stone between initial discussions and a final purchase agreement, providing a structured framework for further negotiations while maintaining flexibility. Under Indonesian law, while the document is primarily non-binding, it carries significant business importance and can include binding provisions for specific elements such as confidentiality and exclusivity. The document must align with Indonesian Civil Code requirements and relevant commercial regulations, particularly important when foreign investment is involved. This type of document is especially valuable in complex transactions where parties need to outline their understanding before committing resources to detailed due diligence and final agreement preparation.

1. Header Information: Date, reference number, and formal letterhead

2. Recipient Details: Full name and address of the intended recipient

3. Subject Line: Clear indication that this is a Letter of Intent to Purchase [specific asset/business]

4. Introduction: Brief introduction of the sender and their business

5. Expression of Intent: Clear statement of intention to purchase the specified asset/business

6. Basic Terms: Outline of fundamental terms including proposed purchase price, payment terms, and basic transaction structure

7. Timeline: Proposed timeline for due diligence and transaction completion

8. Confidentiality Statement: Basic confidentiality obligations regarding the proposed transaction

9. Non-Binding Nature: Clear statement that the letter is non-binding except for specific clauses

10. Closing and Signature: Formal closing, signature blocks for both parties