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    Letter of Intent For A Business Transaction

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    ArielNicoleCaballeroZaragoza
    Davao Unified Corporation, known as The Paper Tree, seeks to supply Holcim Cement with paper, office supplies, printing services, and pantry goods. The letter of intent outlines the terms of the proposed agreement where DUC will provide reliable and cost-effective services, assign a dedicated sales team, and extend a 45-day credit line of 100,000 pesos per month. In return, Holcim will purchase items exclusively or non-exclusively from DUC and pay invoices on time. Both parties agree to maintain confidentiality, finalize the transaction within 30 days, and be bound by Philippines law.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Letter of Intent For A Business Transaction

    Uploaded by

    ArielNicoleCaballeroZaragoza
    3K views3 pages
    Davao Unified Corporation, known as The Paper Tree, seeks to supply Holcim Cement with paper, office supplies, printing services, and pantry goods. The letter of intent outlines the terms of the proposed agreement where DUC will provide reliable and cost-effective services, assign a dedicated sales team, and extend a 45-day credit line of 100,000 pesos per month. In return, Holcim will purchase items exclusively or non-exclusively from DUC and pay invoices on time. Both parties agree to maintain confidentiality, finalize the transaction within 30 days, and be bound by Philippines law.

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    Letter of Intent for a Business Transaction

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    Davao Unified Corporation, known as The Paper Tree, seeks to supply Holcim Cement with paper, office supplies, printing services, and pantry goods. The letter of intent outlines the terms of the proposed agreement where DUC will provide reliable and cost-effective services, assign a dedicated sales team, and extend a 45-day credit line of 100,000 pesos per month. In return, Holcim will purchase items exclusively or non-exclusively from DUC and pay invoices on time. Both parties agree to maintain confidentiality, finalize the transaction within 30 days, and be bound by Philippines law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3K views3 pages

    Letter of Intent For A Business Transaction

    Uploaded by

    ArielNicoleCaballeroZaragoza
    Davao Unified Corporation, known as The Paper Tree, seeks to supply Holcim Cement with paper, office supplies, printing services, and pantry goods. The letter of intent outlines the terms of the proposed agreement where DUC will provide reliable and cost-effective services, assign a dedicated sales team, and extend a 45-day credit line of 100,000 pesos per month. In return, Holcim will purchase items exclusively or non-exclusively from DUC and pay invoices on time. Both parties agree to maintain confidentiality, finalize the transaction within 30 days, and be bound by Philippines law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Letter of Intent for a Business Transaction

    TO: Holcim Cement


    FROM: Davao Unified Corporation AKA The Paper Tree
    DATE: February 14, 2012
    SUBJECT: Intent To Do Long-Term Business With Your Company
    Dear Mr. Billy Nudas:
    We are Davao Unified Corporation ("DUC"), also known as The Paper Tree. Our
    company is engaged in the importation, manufacturing, distribution and trade of
    various paper and office supplies as well as some selected grocery items.
    Our company would like to offer this letter of intent (Letter), outlining the mutual
    intent of both parties to enter into the following business transaction between DUC
    and Holcim in regard to: supplying your company with its paper, office supplies,
    printing requirements and pantry goods.
    This letter sets forth the terms and conditions that DUC seeks to use as material
    terms for the proposed agreement. This letter supersedes in its entirety any and all
    communications that previously occurred between the parties. This letter is nonbinding and requires further consideration and a final contract or agreement as
    executed by the parties in order to be held legally enforceable.
    The Terms and Conditions proposed are as follows:
    1. Overall Structure:
    DUC aims to satisfy Holcim's need for a reliable, fast, friendly and cost-effective
    vendor of paper, office supplies, printing and pantry goods. To do this, DUC will
    have to rely on close relationships and open communications with Holcim as well as
    implement best practices that it has learned through years of doing business and use
    the best possible processes and technologies to enable the best possible service and
    prices for Holcim.
    In order to effectuate this transaction the parties agree to complete the respective
    tasks, obligations, or requirements:
    DUC Agrees To:
    Abide by the policies of Holcim
    Extend price guarantees as agreed upon by both parties. Price guarantees are
    usually extended for non-volatile products, examples of which include non-paper
    office supplies, non-petrochemical-based products as well as non-agriculturalbased products.
    Extend credit terms of 45 days and credit line of P100,000 per month.

    Help Holcim perform its purchasing activities in a collaborated and efficient


    manner.
    Assign a dedicated sales team composed of a Field Account Manager (FAM) and
    a Sales Desk Officer (SDO) to answer queries and concerns on regular business
    hours (and beyond as needed).

    Holcim Agrees To:


    Buy items from DUC either on an exclusive or non-exclusive contract, at Holcim's
    discretion.
    Pay DUC on the stated due dates.
    Help DUC perform its supplier obligation through coordinating and collaborating
    activities.
    2. Confidentiality:
    In the case that any confidential information should be exchanged between the
    Parties, resulting from negotiations under the Terms and Conditions of this Letter,
    both parties shall agree to make any necessary efforts to keep all information
    confidential.
    3. Time:
    Parties shall make all reasonable efforts to finalize transaction within ninety (30) days
    of the receipt of this letter by [Receiving Party].
    4. Governing Law:
    All matters arising from this Letter and any subsequent negotiations shall be
    governed by the laws of Philippines and other local applicable laws..
    5. Additional Terms of Transaction:

    Free delivery is to be extended to Holcim


    Coverage of Free delivery includes Davao City and other Mindanao areas that
    include the cities of Tagum, General Santos, Cotabato, Butuan, Cagayan De Oro,
    Bukidnon cities and towns, Agusan cities and towns.
    Free delivery is run on a scheduled basis. In case of special deliveries, special
    conditions apply on a case to case basis. Conditions include volume of order and
    distance of delivery destination.
    DUC allows withholding tax deductions of 1% from the VAT-able component of
    invoices.
    Withholding Tax Certificates and accompanying purchase information by Holcim
    may be provided by DUC for free to Holcim upon latter's request.
    DUC may also provide online store and online order tracking access to Holcim
    should latter wish to avail of this free service.
    DUC provides free mobile phone-based order tracking free to Holcim.
    Other services may become available at a later time, which DUC may offer
    Holcim for approval.

    If Holcim finds the terms and conditions of this Letter to be acceptable and a
    reflection of the intentions of both parties, please demonstrate this intent by signing
    and returning this letter at the principal place of business of Holcim. DUC will be
    more than happy to set a meeting with Holcim to discuss further details and/or
    questions or inquiries.

    Very Sincerely,
    Mr. Michael Gimenez
    Davao Unified Corporation
    Field Account Manager
    +63905.223.9884
    Ms. Casill T. Acevedo
    Davao Unified Corporation
    Sales Desk Officer
    +6382.227.4313 up to 15
    Robert Chong
    Davao Unified Corporation
    Chief Operating Officer
    +63917.701.1887

    TO: Davao Unified Corporation through Mr. Michael Gimenez


    The Terms and Conditions set forth in the above-signed letter are acceptable and
    reflect the intentions of [Receiving Party Name].

    Mr. Billy Nudas


    Purchasing Manager, Holcim Philippines
    Date

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