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Summary: This letter
of intent is a great multi-purpose, general document that may be used for any
business or other arrangement involving two or more parties that intend on
taking some particular action, intend to provide services, intend to provide
goods, intend to purchase product, etc. Very customizable for your specific
needs. This letter of intent is very thorough and contains all of the necessary
provisions and language for a proper, professional document.
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Other Letters of
Intent:
Letter of Intent To
Lease Commercial/Retail/Office Space (see more
details>>)
Letter of Intent To
Purchase Real Estate (see more
details>>)
Letter of
Intent To Purchase A Business - Asset Purchase (see
more details>>)
Letter of
Intent To Purchase A Business - Stock Purchase (see
more details>>)
Related Products and
Documents:
Asset Purchase Agreement (see more
details>>)
Commercial Equipment Lease Application (see more
details>>)
Secured Term Loan Agreement (see more
details>>)
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Sample
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LETTER OF
INTENT
Date
[name]
[address]
Dear
____________
This Letter of Intent is
made on __(Date)____, between
Company/Person/Entity, of
address and Company/Person/Entity, of
address
.
This letter serves to
formalize our intent to negotiate in good faith for [explain
relationship intended] under the following terms and
guidelines:
I. Binding Nature
This letter is not
intended to be and will not create any legal binding obligation on
anyone or any entity, except as specifically set out in Section B
below. This entire transaction is subject to the negotiation and
execution of a separate legal agreement as reasonably required by
our lawyers (the Definitive Agreement), to be negotiated
following execution of this letter of intent and executed on
closing. The Definitive Agreement would contain additional
terms and conditions which are appropriate for a transaction of
this kind, including, but not limited to, representations and
warranties, provisions concerning notice, force majeure,
indemnification, liability, confidentiality, choice of law,
termination, and other similar provisions.
Part A.
Business Terms
As set out under Section
I above, the provisions of this Part A shall not be legally binding
upon either party, and are presented as a good faith expression of
intent only. This is a contract as to the conduct of the good
faith negotiations and the issues, upon which the parties will, in
good faith, endeavor to negotiate and prepare the Definitive
Agreement.
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