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The Letter of Intent Sales is a crucial preliminary document in Malaysian commercial transactions, commonly used when parties are preparing to enter into a significant sales arrangement but need to document their intentions and key terms before proceeding with a detailed definitive agreement. This document type is particularly relevant in Malaysia's business environment, where it helps bridge the gap between initial discussions and final contracts while providing a structured framework for negotiations. The LOI typically includes essential elements such as price, payment terms, conditions precedent, and timelines, while operating under Malaysian law, particularly the Contracts Act 1950 and Sale of Goods Act 1957. It's especially valuable in complex transactions where parties need to demonstrate serious intent while maintaining flexibility for detailed negotiations, and where preliminary commitments may be required for internal approvals or financing arrangements.

1. Date and Addressing: Opening of the letter with current date and proper addressing to the recipient party

2. Subject Line: Clear identification of the document as a Letter of Intent for the proposed sale

3. Introduction: Brief introduction identifying the parties and purpose of the letter

4. Transaction Overview: High-level description of the proposed transaction and what is being sold

5. Key Commercial Terms: Essential terms including price, payment terms, and delivery conditions

6. Timeline: Proposed schedule for negotiation, due diligence, and execution of definitive agreements

7. Conditions Precedent: Key conditions that must be met before proceeding with the transaction

8. Non-Binding Statement: Clear statement about which provisions are binding and non-binding

9. Confidentiality: Statement regarding confidentiality of discussions and information exchanged

10. Closing: Signature blocks and formal closing of the letter