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Letter Of Intent To Purchase Software for Philippines

Letter Of Intent To Purchase Software Template for Philippines

A Letter of Intent to Purchase Software is a preliminary document that formally expresses a party's intention to procure specific software solutions. Under Philippine law, particularly governed by the Electronic Commerce Act of 2000 (RA 8792) and related regulations, this document serves as a precursor to a final purchase agreement. While typically non-binding, it outlines key terms including software specifications, proposed pricing, implementation timeline, and general conditions. The document establishes the framework for subsequent negotiations and due diligence, while adhering to Philippine contract law principles and electronic commerce regulations.

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What is a Letter Of Intent To Purchase Software?

A Letter Of Intent To Purchase Software is commonly used in the Philippines when organizations are preparing to make significant software investments. This document serves as a formal expression of interest and preliminary commitment, bridging the gap between initial discussions and final purchase agreements. It's particularly relevant in complex software acquisitions where detailed negotiations and due diligence are necessary before finalizing the purchase. The document typically includes proposed terms, conditions, and commercial parameters while maintaining flexibility for further negotiation. Under Philippine jurisdiction, while generally non-binding, certain provisions like confidentiality and exclusivity can be made explicitly binding. The document must comply with the Electronic Commerce Act of 2000 and related Philippine regulations governing electronic transactions and commerce.

What sections should be included in a Letter Of Intent To Purchase Software?

1. Letter Date and Address Block: Date of the letter and full contact details of both parties

2. Subject Line: Clear identification that this is a Letter of Intent for Software Purchase

3. Introduction: Formal greeting and identification of the parties (buyer and seller)

4. Expression of Intent: Clear statement of intention to purchase the specified software

5. Software Description: Detailed identification of the software product(s) to be purchased

6. Commercial Terms: Proposed purchase price, payment terms, and delivery timeline

7. Key Conditions: Essential conditions that need to be met before proceeding with the purchase

8. Duration of Intent: Validity period of the letter of intent

9. Non-Binding Statement: Clear statement that this is a non-binding letter of intent (except for any specifically binding terms)

10. Next Steps: Outline of the process to move forward towards a final purchase agreement

11. Closing and Signatures: Formal closing, signature blocks for authorized representatives

What sections are optional to include in a Letter Of Intent To Purchase Software?

1. Confidentiality Clause: Include when sensitive information will be shared during the negotiation process

2. Exclusivity Period: Include when requesting exclusive negotiation rights for a specified period

3. Due Diligence: Include when technical assessment or testing of the software is required before purchase

4. Regulatory Compliance: Include when specific regulatory requirements need to be addressed

5. Implementation Services: Include when additional services for implementation or training are part of the intended purchase

6. Maintenance and Support: Include when ongoing maintenance and support terms need to be outlined

What schedules should be included in a Letter Of Intent To Purchase Software?

1. Software Specifications: Technical details and specifications of the software to be purchased

2. Pricing Structure: Detailed breakdown of pricing components, including licenses, maintenance, and support

3. Implementation Timeline: Proposed schedule for software delivery and implementation

4. System Requirements: Technical requirements and compatibility specifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Letter of Intent

Cost

Free to use
Relevant legal definitions






































Clauses

























Relevant Industries

Information Technology

Banking and Finance

Healthcare

Education

Retail

Manufacturing

Government and Public Sector

Telecommunications

Professional Services

Energy and Utilities

Transportation and Logistics

Construction and Real Estate

Media and Entertainment

Relevant Teams

Information Technology

Legal

Procurement

Finance

Operations

Risk and Compliance

Digital Transformation

Infrastructure and Systems

Vendor Management

Project Management Office

Business Analysis

Enterprise Architecture

Relevant Roles

Chief Information Officer

IT Director

Procurement Manager

Legal Counsel

Chief Technology Officer

Finance Director

Chief Financial Officer

IT Project Manager

Software Development Manager

Systems Administrator

Contracts Manager

Business Unit Director

Operations Manager

Digital Transformation Manager

Chief Digital Officer

Vendor Management Specialist

IT Infrastructure Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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