Letter of Intent Template
Non-binding letter outlining proposed terms before drafting a formal contract.
Use this free letter of intent template to create, fill in and sign a letter of intent online. Send to the other party for a legally binding signature — tamper-evident audit trail included.
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LETTER OF INTENT
Date: [date]
To: [counterparty]
From: [sender]
This letter sets out the principal terms on which [sender] and [counterparty] (the "Parties") intend to enter into a definitive agreement regarding [transaction subject].
1. Proposed Transaction
[transaction description]
2. Key Commercial Terms
- Price / consideration: [price]
- Closing target date: [closing date]
- Conditions precedent: [conditions]
3. Exclusivity
For [exclusivity days] days from signing, neither Party will solicit or accept competing proposals for the subject of this LOI.
4. Non-Binding
EXCEPT for the exclusivity (§3), confidentiality (§5) and governing-law (§6) provisions, this letter is NON-BINDING and creates no enforceable obligation to consummate the transaction.
5. Confidentiality
Each Party will keep the existence and contents of this letter, and any information exchanged in pursuit of the transaction, strictly confidential.
6. Governing Law
This letter is governed by the laws of [jurisdiction].