Letter of Intent (LOI) Samples: Your Ultimate Guide
A Letter of Intent (LOI) outlines the preliminary agreement between parties before finalizing a deal. It demonstrates serious interest and sets the stage for negotiations, covering key aspects like scope and terms. Understanding LOIs is crucial.
LOIs vary in legal binding. Some sections, like confidentiality, might be enforceable, while others, outlining the core deal, are not. Seeking legal advice is critical to understand the implications for your specific situation and deal.
Below are diverse Letter of Intent samples. They provide a foundation for crafting your own LOI. Adapt these templates to your unique circumstances and always have a lawyer review them to safeguard your interests.
Remember, using an LOI effectively streamlines negotiations and protects your interests. Take time to review and adjust the given examples before implementation. Seek legal counsel for professional support.
21 Letter of Intent (LOI) Samples
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Sample 1: General Business Transaction
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Business Purchase
This Letter of Intent outlines the terms under which [Your Company] (“Buyer”) intends to purchase the assets of [Recipient Company] (“Seller”). The proposed purchase price is $[Amount].
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Sample 2: Real Estate Purchase
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Real Estate Purchase
This Letter of Intent confirms [Your Name]’s interest in purchasing the property located at [Address]. The offered purchase price is $[Amount], subject to satisfactory inspection and financing.
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Sample 3: Joint Venture
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Joint Venture
This letter represents the preliminary understanding between [Your Company] and [Recipient Company] to form a joint venture for the purpose of [Purpose]. Profits will be shared [Percentage].
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Sample 4: Employment Offer
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Employment Offer
[Your Company] is pleased to offer you the position of [Position] with a starting salary of $[Amount] per year. This offer is contingent upon successful background check and drug screening.
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Sample 5: Consulting Agreement
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Consulting Services
This letter confirms our intention to engage [Recipient Name] as a consultant to provide [Services]. The hourly rate will be $[Amount], and the total project budget is estimated at $[Amount].
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Sample 6: Lease Agreement
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Lease Agreement
This letter expresses [Your Company]’s interest in leasing the property located at [Address] for [Purpose]. The proposed lease term is [Number] years with a monthly rent of $[Amount].
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Sample 7: Partnership Agreement
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Partnership Agreement
This letter outlines the intention of [Your Name] and [Recipient Name] to form a partnership for the purpose of [Purpose]. Profit sharing will be determined based on capital contribution.
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Sample 8: Supply Agreement
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Supply Agreement
This letter confirms [Your Company]’s intent to purchase [Product] from [Recipient Company] at a price of $[Amount] per unit. The agreement is subject to quality control standards.
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Sample 9: Investment Agreement
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Investment
[Your Name] intends to invest $[Amount] in [Recipient Company] in exchange for [Percentage]% equity. This investment is contingent upon due diligence.
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Sample 10: Service Agreement
To: [Recipient Name]
From: [Your Name]
Date: [Date]
Subject: Letter of Intent – Service Agreement
This letter expresses [Your Company]’s intention to engage [Recipient Company] to provide [Services]. Pricing will be based on a fixed fee of $[Amount] per month.
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Sample 11: Confidentiality Agreement (included within LOI)
The terms of this letter are strictly confidential and shall not be disclosed to any third party without prior written consent.
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Sample 12: Non-Binding Clause (important!)
Except for clauses relating to confidentiality and exclusive negotiation, this Letter of Intent is non-binding and creates no legal obligation on either party.
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Sample 13: Termination Clause
Either party may terminate this Letter of Intent at any time by providing [Number] days written notice to the other party.
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Sample 14: Exclusivity Clause
[Recipient Company] agrees to negotiate exclusively with [Your Company] for a period of [Number] days regarding the proposed transaction.
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Sample 15: Due Diligence Clause
This Letter of Intent is contingent upon [Your Company]’s satisfactory completion of due diligence review of [Recipient Company]’s financials and operations.
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Sample 16: Governing Law Clause
This Letter of Intent shall be governed by and construed in accordance with the laws of the State of [State].
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Sample 17: Amendment Clause
This Letter of Intent may be amended only by a written instrument signed by both parties.
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Sample 18: Entire Agreement Clause (within LOI – but limited scope)
This Letter of Intent constitutes the entire understanding between the parties with respect to the subject matter hereof [the intent to proceed], and supersedes all prior communications.
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Sample 19: Escrow Agreement (intent to create)
The parties intend to establish an escrow account with [Escrow Agent] to secure [Purpose], details to be finalized in definitive agreement.
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Sample 20: Intellectual Property Transfer (intent)
[Recipient Company] intends to transfer all rights, title, and interest in [Intellectual Property] to [Your Company] as part of the transaction.
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Sample 21: Good Faith Clause
Both parties agree to negotiate in good faith to finalize a definitive agreement based on the terms outlined in this Letter of Intent.
Letters of Intent are valuable tools for initiating agreements but always seek legal review. Use the examples as a starting point. Tailor to specific needs. Secure professional legal advice before proceeding.