Letter of Intent (LOI) Template
Establish Clear Intentions for Your Business Deal
Our Letter of Intent (LOI) Template is designed to help you outline the preliminary terms and intentions for a potential business deal, partnership, or acquisition. This template sets the foundation for your negotiation, establishing mutual understanding between parties before finalizing a formal agreement.
What’s Included:
Purpose and Scope: Clearly define the purpose of the LOI and the type of transaction or collaboration being discussed.
Key Terms and Conditions: Outline the major terms being considered, including pricing, timelines, and key responsibilities of each party.
Confidentiality Clause: Protect sensitive information with a confidentiality provision to keep discussions private.
Non-Binding vs. Binding Provisions: Indicate which sections are legally binding and which are intended as a framework for negotiation.
Next Steps: Outline the process and timeline for moving forward, including any due diligence, approvals, or formal agreement drafting.
Who Should Use This Template: Ideal for entrepreneurs, business owners, and executives who are entering preliminary negotiations for joint ventures, acquisitions, partnerships, or service agreements. This template helps you secure an initial commitment and clarify expectations without the immediate formality of a contract.
Pro Tips:
Make it clear which terms are binding and non-binding to avoid confusion down the road.
Customize sections to reflect the specific goals of the transaction and protect both parties' interests.
Disclaimer: This template is for general informational purposes and does not constitute legal advice. For specific legal guidance, we recommend consulting a licensed attorney to ensure it suits your unique transaction and complies with relevant laws.