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A Letter of Intent Distribution Agreement is commonly used when parties wish to formalize their intention to enter into a distribution relationship while negotiating detailed terms. This document, governed by English and Welsh law, typically precedes a full distribution agreement and outlines key commercial terms, territories, and product ranges. It provides a structured framework for negotiations while protecting both parties' interests through specific binding provisions. The LOI helps establish clear expectations and timelines while allowing flexibility for detailed negotiations of the final agreement. It's particularly valuable in complex distribution arrangements where significant due diligence or regulatory approvals may be required.

1. Identification of Parties: Full legal names and addresses of both parties involved in the Letter of Intent

2. Purpose Statement: Clear statement outlining the intent to enter into a distribution agreement and core business objectives

3. Proposed Territory: Definition of the geographic scope where distribution rights will apply

4. Product Range: Description of products to be covered under the distribution agreement

5. Key Commercial Terms: Basic outline of principal commercial terms including pricing, payment terms, and minimum purchase requirements

6. Timeline: Expected timeline for negotiating and executing the final distribution agreement

7. Non-Binding Statement: Clear statement that the LOI is non-binding except for specifically identified clauses

8. Governing Law: Statement that the LOI is governed by the laws of England and Wales