Letter of Intent - Free Legal Template
This Letter of Intent (LOI) template is used to formally express an intent regarding a proposed action or agreement between two parties. It outlines preliminary terms and conditions, serving as a non-binding understanding before a final, formal agreement is negotiated. The template also includes an optional non-disclosure agreement clause.
From\ [sender name]________________________\ [sender address]______________________\ [sender state, city, zip code]__________
To\ [recipient's name/company]__________\ [recipient's address]___________________\ [recipient's state, city, zip code]_______
[date]
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:
[background description]____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Terms of Proposed Agreement: [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): [non-disclosure agreement description]____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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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Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
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