Document background
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.
