Document background
The Letter Of Intent To Purchase Goods Template is a crucial preliminary document used in UAE commercial transactions when a potential buyer wishes to formally express their serious intention to purchase goods while maintaining flexibility for final negotiations. This document type is particularly relevant under UAE law, where it serves as a structured approach to preliminary commercial negotiations. While generally non-binding, it carries significant commercial weight and typically includes essential elements such as product specifications, estimated pricing, timeline, and any conditions precedent. The document operates within the framework of UAE Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 18 of 1993 (Commercial Transactions Law), providing a foundation for the subsequent definitive purchase agreement. It's commonly used in large-scale commercial purchases, international trade transactions, or complex procurement processes where detailed negotiations are necessary before finalizing the purchase.
