Letter of Intent to Purchase Goods

A letter template that is perfect for a buyer intending to purchase certain goods to a seller. This file is free to download and easy to edit. It is also customizable in your favorite softwares.

[DATE]

Dear [RECIPIENT NAME],

This Letter of Intent is addressed to you to set forth the mutual interest of [YOUR NAME] (“Buyer”) and [NAME 1] (“Seller”), regarding the possible acquisition of the buyer of goods as defined below, owned by the seller. This letter is therefore executed to summarize the discussion to date regarding the purchase of goods (“Transaction”) to confirm the respective intentions of the parties with respect to the said purchase.

TRANSACTION

Buyer intends to purchase from Seller the following goods and specifications:

Description of Goods
Quantity
[DETAIL 1]
[NUMBER 1]
[DETAIL 2]
[NUMBER 2]
[DETAIL 3]
[NUMBER 3]

Set forth upon this Letter are the terms and conditions to be included in a future definitive sales agreement. Other representations, warranties, and conditions agreed upon by the parties shall be included as well. The buyer and seller shall hereby agree that it is in their interest to bring to fruition the transaction and are both expected to negotiate in good faith the sales agreement.

PURCHASE PRICE: No purchase price for the set transaction is listed at this time.

DELIVERY OF GOODS: Seller shall ship/deliver the goods. Title to said goods and risk of loss shall pass to buyer upon shipment.

WARRANTIES: Buyer shall purchase goods on an “as is” basis, and seller expressly disclaims warranties.

EXPENSES: Both the buyer and seller shall be held responsible for the costs and expenses associated in the negotiation of the transaction, including the execution of the provisions as shown in the letter as well as the future sales agreement.

TERMINATION: This letter shall automatically be terminated upon the following:

The execution of sales agreement
The mutual written agreement between the buyer and the seller
[EXPIRY DATE]

GOVERNING LAWS: This letter as well as all matters thereto shall be governed by and construed in accordance with the laws of [COUNTRY/STATE/PROVINCE] and shall thereby not conflict with existing laws and principles.

NON-BINDING AGREEMENT: This letter is intended as a reflection of the intention of both parties and neither this letter nor its acceptance shall constitute nor create a legally binding or enforceable contract on any party, except with regard to expenses, termination, and governing law. Neither agreement nor obligation regarding the said transaction shall be deemed to exist between parties and any of their respective affiliates, unless and until the sales agreement shall have been executed and delivered, and only in accordance with the terms and conditions as stated in such sales agreement.

MISCELLANEOUS: This Letter contains in its entirety the understanding between buyer and seller and supersedes all previous agreements, if any. This letter may be amended, supplemented, or otherwise modified only in writing and when signed by duly authorized representatives of each Party. This Letter may be executed in counterparts, each of which shall be deemed an original, all of which, together, shall constitute one and the same document.

If the foregoing terms and conditions are deemed acceptable, please sign and return this Letter to the undersigned.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]