Free Letter of Intent Template for Your Agreements
This document is a Letter of Intent (LOI) used to formally express intent regarding a proposed action and outline preliminary terms and conditions between two parties. It explicitly states that it is not legally binding, except for any non-disclosure provisions, and serves as a precursor to final agreements. The template includes sections for background, proposed terms, and an optional non-disclosure agreement.
From
_____________________
_____________________
_____________________
_____________________
To
_____________________
_____________________
_____________________
_____________________
[date], 20[year]
RE: Letter of Intent for [purpose]
I am writing to formally express my/our intent regarding the proposed [specific action]. This Letter of Intent serves to outline the preliminary terms and conditions between [company/name] and [recipient's company/name] .
Background:\ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Terms of Proposed Agreement:\ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
This LOI reflects our mutual understanding up to this point and outlines our intent to proceed in good faith to negotiate the final agreements. Please note, this document is not legally binding except in terms of non-disclosure, and does not constitute a final agreement.
Non-Disclosure Agreement (if applicable):\ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Conclusion:
We believe this initiative offers significant potential and are enthusiastic at the prospect of finalizing the details. We appreciate your consideration and look forward to your response by [deadline response], so we may proceed to formalize the agreement.
Thank you for your attention to this Letter of Intent. I/we am/are eager to discuss this further and reach a mutually beneficial agreement.
Sincerely,
[signature]
[attachment]
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