LegesGPT Logo
LegesGPT

Letter of Intent (LOI) Template: Terms, Timeline & Next Steps

Create a comprehensive letter of intent to outline preliminary understanding between parties.

Fill in the Form

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

Preview

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]

Frequently Asked Questions

What types of letters and notices can I create?

You can create various letters and notices including cease and desist letters, reference letters, demand letters, immigration support letters, notice letters, and other professional correspondence templates.

Are these letters legally binding?

Letters and notices serve different purposes. Some, like demand letters, can be part of legal proceedings, while others, like reference letters, are informational. The legal effect depends on the type of letter and how it's used.

Do I need a lawyer to send these letters?

For informal letters like reference letters, you typically don't need a lawyer. However, for legal letters like cease and desist or demand letters, we recommend consulting with an attorney to ensure the letter is appropriate and legally sound.

Can I customize the letter content?

Yes, all letter templates are fully customizable. You can fill in all required fields, modify the content, add or remove sections, and personalize the letter to your specific needs. The preview updates in real-time as you make changes.

How should I send these letters?

The method of sending depends on the type of letter. For legal letters, certified mail with return receipt is often recommended. For reference letters, regular mail or email may be appropriate. We recommend consulting with a lawyer for legal letters to determine the best delivery method.
Try for Free
Start Today

Ready to Revolutionize Your Legal Workflow?

Start your free trial today and experience the power of AI legal assistance.

Start Free Trial

3-day free trial • Cancel anytime

Letter of Intent (LOI) Template: Terms, Timeline & Next Steps