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Simple Letter Of Intent To Purchase Template for Indonesia

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Key Requirements PROMPT example:

Simple Letter Of Intent To Purchase

"I need a Simple Letter of Intent to Purchase for acquiring a commercial property in Jakarta's business district, with a proposed purchase price of IDR 15 billion, including a 30-day due diligence period starting March 1, 2025."

Document background
The Simple 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 interest in acquiring assets, property, or business interests. This document, while typically non-binding, serves as a stepping stone towards a definitive purchase agreement and is governed by Indonesian law, particularly the Civil Code (KUHPerdata). It's particularly useful in situations where parties need to document their initial understanding before conducting due diligence or entering into detailed negotiations. The letter typically includes key commercial terms such as the proposed purchase price, basic transaction structure, timeline, and any exclusivity periods. It provides a framework for further negotiations while protecting both parties' interests through provisions regarding confidentiality and the non-binding nature of the document.
Suggested Sections

1. Date and Address Block: Formal business letter header with date and recipient's complete address

2. Subject Line: Clear identification of the document as a Letter of Intent to Purchase [Asset/Business/Property]

3. Opening Paragraph: Introduction of the parties and basic purpose of the letter

4. Description of Property/Asset: Clear identification and description of what is intended to be purchased

5. Proposed Purchase Price: Statement of the offered price or price range

6. Basic Terms: Key commercial terms including payment method and timing

7. Due Diligence: Brief outline of any required due diligence process

8. Timeline: Proposed timeline for completion of the transaction

9. Non-Binding Nature: Clear statement that this is a non-binding letter of intent (except for any specific binding provisions)

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

Optional Sections

1. Exclusivity Period: Used when buyer requires exclusive negotiation rights for a specified period

2. Confidentiality Provisions: Include when sensitive information will be shared and no separate NDA exists

3. Conditions Precedent: Used for complex transactions where certain conditions must be met before proceeding

4. Break Fee: Include when parties want to specify compensation if either party withdraws

5. Governing Law: Include when transaction involves parties from different jurisdictions

6. Costs and Expenses: Used when there's a need to specify who bears transaction costs

Suggested Schedules

1. Asset Schedule: Detailed list of assets intended to be purchased, if multiple items involved

2. Due Diligence Requirements: List of required documents and information for due diligence

3. Timeline Schedule: Detailed timeline of key dates and milestones if transaction is complex

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















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Relevant Industries

Real Estate

Manufacturing

Retail

Technology

Agriculture

Mining

Construction

Healthcare

Education

Financial Services

Hospitality

Transportation and Logistics

Energy and Utilities

Professional Services

Relevant Teams

Legal

Finance

Business Development

Commercial

Procurement

Corporate Development

Mergers & Acquisitions

Real Estate

Operations

Executive Leadership

Risk Management

Strategy

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Legal Counsel

Corporate Lawyer

Investment Manager

Property Manager

Procurement Manager

Commercial Director

Managing Director

Acquisition Manager

Real Estate Manager

Operations Director

Company Secretary

Finance Director

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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