A Letter of Intent (LOI) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. It serves as a preliminary agreement, clarifying key terms and conditions before substantial resources are committed to a deal. LOIs are used across a wide range of situations, from business acquisitions to real estate transactions and job applications. Understanding how to structure and write an effective LOI is crucial for successful negotiations and setting the stage for a beneficial final agreement.
The following examples provide templates you can adapt to your specific needs. Remember to consult with legal counsel before finalizing any Letter of Intent, as its enforceability can vary depending on the jurisdiction and the specific wording used. Each example focuses on different scenarios, highlighting the important elements of an LOI such as the parties involved, the subject matter, key terms, and expiration date. Customize these templates to reflect the unique circumstances of your agreement.
16 Sample Letters of Intent
1. Letter of Intent for Business Acquisition:
[Date]
[Buyer Name]
[Buyer Address]
[Seller Name]
[Seller Address]
Subject: Letter of Intent for the Acquisition of [Company Name]
Dear [Seller Name],
This letter outlines our intent to acquire [Company Name]. Key terms include a purchase price of [Dollar Amount], subject to due diligence. This LOI is non-binding, except for confidentiality.
Sincerely,
[Buyer Name]
2. Letter of Intent for Employment:
[Date]
[Candidate Name]
[Candidate Address]
[Hiring Manager Name]
[Company Name]
[Company Address]
Subject: Letter of Intent for Employment – [Job Title]
Dear [Hiring Manager Name],
I am pleased to express my interest in the [Job Title] position. I understand that the proposed salary is [Dollar Amount] and the benefits package includes [mention benefits]. I look forward to a formal offer.
Sincerely,
[Candidate Name]
3. Letter of Intent for Real Estate Purchase:
[Date]
[Buyer Name]
[Buyer Address]
[Seller Name]
[Seller Address]
Subject: Letter of Intent to Purchase Real Estate – [Property Address]
Dear [Seller Name],
This letter confirms our intent to purchase the property located at [Property Address] for [Dollar Amount], contingent upon satisfactory inspection and financing.
Sincerely,
[Buyer Name]
4. Letter of Intent for Partnership:
[Date]
[Partner 1 Name]
[Partner 1 Address]
[Partner 2 Name]
[Partner 2 Address]
Subject: Letter of Intent for Partnership
Dear [Partner 2 Name],
This letter outlines our intent to form a partnership. We agree to contribute [Contribution Details] and share profits [Profit Sharing Percentage]. We will formalize this agreement within [Number] days.
Sincerely,
[Partner 1 Name]
5. Letter of Intent for Joint Venture:
[Date]
[Company 1 Name]
[Company 1 Address]
[Company 2 Name]
[Company 2 Address]
Subject: Letter of Intent for Joint Venture
Dear [Company 2 Name],
This letter expresses our interest in a joint venture for [Project Name]. We propose a [Ownership Percentage] ownership split and joint management of the project.
Sincerely,
[Company 1 Name]
6. Letter of Intent for Service Agreement:
[Date]
[Client Name]
[Client Address]
[Service Provider Name]
[Service Provider Address]
Subject: Letter of Intent for Service Agreement
Dear [Client Name],
This letter outlines our intent to provide [Service Description] services at a rate of [Dollar Amount] per [Unit of Time]. A formal contract will follow.
Sincerely,
[Service Provider Name]
7. Letter of Intent for Lease Agreement:
[Date]
[Tenant Name]
[Tenant Address]
[Landlord Name]
[Landlord Address]
Subject: Letter of Intent for Lease Agreement – [Property Address]
Dear [Landlord Name],
This letter confirms our interest in leasing the property at [Property Address] for [Dollar Amount] per month, for a term of [Number] years.
Sincerely,
[Tenant Name]
8. Letter of Intent for Funding:
[Date]
[Applicant Name]
[Applicant Address]
[Investor Name]
[Investor Address]
Subject: Letter of Intent for Funding – [Project Name]
Dear [Investor Name],
This letter outlines our intent to seek funding of [Dollar Amount] for [Project Name], in exchange for [Equity Percentage]. We have attached a business plan for your review.
Sincerely,
[Applicant Name]
9. Letter of Intent for Confidentiality (NDA):
[Date]
[Disclosing Party Name]
[Disclosing Party Address]
[Receiving Party Name]
[Receiving Party Address]
Subject: Letter of Intent and Agreement for Confidentiality
Dear [Receiving Party Name],
This letter confirms our agreement to maintain the confidentiality of all proprietary information disclosed in connection with [Project/Deal].
Sincerely,
[Disclosing Party Name]
10. Letter of Intent for Research Collaboration:
[Date]
[Institution 1 Name]
[Institution 1 Address]
[Institution 2 Name]
[Institution 2 Address]
Subject: Letter of Intent for Research Collaboration
Dear [Institution 2 Name],
This letter expresses our mutual interest in collaborating on research related to [Research Area]. This collaboration will involve [Specific Activities].
Sincerely,
[Institution 1 Name]
11. Letter of Intent for Franchise Agreement:
[Date]
[Franchisee Name]
[Franchisee Address]
[Franchisor Name]
[Franchisor Address]
Subject: Letter of Intent for Franchise Agreement
Dear [Franchisor Name],
This letter confirms our interest in acquiring a franchise of [Franchise Name] in [Location]. We understand the initial investment will be [Dollar Amount].
Sincerely,
[Franchisee Name]
12. Letter of Intent for Product Supply Agreement:
[Date]
[Buyer Name]
[Buyer Address]
[Supplier Name]
[Supplier Address]
Subject: Letter of Intent for Product Supply Agreement
Dear [Supplier Name],
This letter outlines our intent to purchase [Product Name] from you at a price of [Dollar Amount] per unit, subject to quality standards.
Sincerely,
[Buyer Name]
13. Letter of Intent for Technology Licensing:
[Date]
[Licensee Name]
[Licensee Address]
[Licensor Name]
[Licensor Address]
Subject: Letter of Intent for Technology Licensing
Dear [Licensor Name],
This letter expresses our interest in licensing your technology related to [Technology Description] on a [Royalty Percentage] royalty basis.
Sincerely,
[Licensee Name]
14. Letter of Intent for Software Development:
[Date]
[Client Name]
[Client Address]
[Developer Name]
[Developer Address]
Subject: Letter of Intent for Software Development
Dear [Developer Name],
This letter outlines our intent to engage your services for the development of [Software Name] at a cost of [Dollar Amount]. We require the software to [Software Functionality].
Sincerely,
[Client Name]
15. Letter of Intent for Event Sponsorship:
[Date]
[Sponsor Name]
[Sponsor Address]
[Event Organizer Name]
[Event Organizer Address]
Subject: Letter of Intent for Event Sponsorship – [Event Name]
Dear [Event Organizer Name],
This letter confirms our intent to sponsor [Event Name] at the [Sponsorship Level] level for [Dollar Amount].
Sincerely,
[Sponsor Name]
16. Letter of Intent for Volunteer Work:
[Date]
[Volunteer Name]
[Volunteer Address]
[Organization Name]
[Organization Address]
Subject: Letter of Intent for Volunteer Work
Dear [Organization Name],
I am writing to express my interest in volunteering with your organization. I am available [mention your available time/dates]. I am particularly interested in [mention interest in specific work].
Sincerely,
[Volunteer Name]
In conclusion, a Letter of Intent is a versatile tool for initiating agreements across various sectors. The examples provided offer a foundation for drafting your own LOIs. Remember that these are templates and must be customized to fit your specific circumstances. Always seek legal advice to ensure your LOI is properly drafted and aligned with your goals.
