Letter of Intent (LOI) Template: Terms, Timeline & Next Steps
Create a comprehensive letter of intent to outline preliminary understanding between parties.
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LOI Date
Party A Information
Party B Information
1. Purpose
2. Proposed Terms
3. Confidentiality
4. Exclusivity (if applicable)
5. Non-Binding Nature
6. Governing Law
7. Good Faith Negotiations
Signatures
Party A Signature
Party B Signature
Vorschau
Letter of Intent (LOI)
This Letter of Intent ("LOI") is made and entered into on [Date], by and between:
Party A: [Full Name / Company Name]
Templates.letter-of-intent.preview.address: [Address]
Party B: [Full Name / Company Name]
Templates.letter-of-intent.preview.address: [Address]
Collectively referred to as "the Parties."
1. Purpose
The purpose of this LOI is to outline the preliminary understanding between the Parties regarding [brief description of intended transaction or agreement – e.g., potential business partnership, asset purchase, investment, etc.].
2. Proposed Terms
The Parties intend to negotiate and enter into a definitive agreement based on the following terms:
- Term 1 [Term description]
- Term 2 [Term description]
- Term 3 [Term description]
(Additional terms may be included as needed.)
3. Confidentiality
Both Parties agree to maintain the confidentiality of this LOI and any related discussions, documents, or information unless otherwise agreed in writing.
5. Non-Binding Nature
This LOI is non-binding and does not create any legal obligation on either Party, except for Sections 3 (Confidentiality), 4 (Exclusivity), and 6 (Governing Law), which shall be binding.
6. Governing Law
This LOI shall be governed by and construed in accordance with the laws of [State/Country].
7. Good Faith Negotiations
The Parties agree to engage in good faith negotiations to finalize a mutually acceptable definitive agreement.
IN WITNESS WHEREOF, the Parties have executed this Letter of Intent on the date first written above.
Party A Signature
Name: [Name]
Title: [Title]
Party B Signature
Name: [Name]
Title: [Title]
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