Letter of Intent Template

A letter of intent signals serious interest in a deal before the formal contract is drafted.

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[[Sender Name]]
[[Company]]
[[Date]]

[[Recipient Name]]
[[Recipient Company]]

Dear [[Recipient Name]],

This letter expresses [[Company]]'s intent to [[proceed with: acquisition / partnership / lease]] regarding [[subject]].

Key points we propose:
- [[term 1]]
- [[term 2]]
- [[target close date]]

This is non-binding except for [[confidentiality / exclusivity]] and is a basis for the formal agreement. We suggest drafting begins by [[date]].

Sincerely,
[[Sender Name]]

What to fill in

The deal type and subject
2–3 headline terms
Target close date
What is binding (confidentiality etc.)

Tips

Mark clearly what is and isn't binding.

Keep terms as headlines, not the full contract.

Set a date to start drafting.

FAQ

Is a letter of intent legally binding?

Usually not, except clauses like confidentiality or exclusivity. State that explicitly to avoid confusion.

By Tracy Walsh, business writing coach

Letter of Intent Template

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What to fill in

Tips

FAQ

Is a letter of intent legally binding?

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