A business Letter of Intent (LOI) is a crucial document that outlines the key terms of a potential agreement between parties. It serves as a non-binding declaration of intent to proceed with a transaction, such as a merger, acquisition, partnership, or lease. A well-drafted LOI demonstrates serious interest and sets the stage for formal negotiations. Understanding the structure and content of an effective LOI is paramount for successful business deals. Different scenarios require different focuses, making sample letters invaluable.
These samples provide a foundation for crafting your own LOI, ensuring clarity, and addressing crucial aspects of the proposed agreement. From outlining purchase prices and timelines to defining confidentiality and exclusivity, each example offers valuable insights into the nuances of LOI drafting. Consider the context of your specific situation when adapting these templates.
Below are 15 sample Letters of Intent covering various business scenarios. Each sample is designed to be adapted to your unique needs. Remember to consult with legal counsel before finalizing any agreement.
These samples showcase common clauses and formatting used in LOIs. From simple purchase agreements to complex joint ventures, these examples provide a strong starting point for your LOI creation process. Pay close attention to the *italicized* text which signifies areas you need to customize. Remember to replace the bracketed information with your specific details.
Business Letter of Intent Samples:
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Sample 1: Acquisition of a Business
[Date]
[Buyer Name/Company Name]
[Buyer Address]
[Seller Name/Company Name]
[Seller Address]
Subject: Letter of Intent for Acquisition of [Company Name]
Dear [Contact Person],
This letter constitutes a non-binding letter of intent… [Continue with terms, price, due diligence etc.]
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Sample 2: Partnership Agreement
[Date]
[Partner 1 Name]
[Partner 2 Name]
Subject: Letter of Intent Regarding Partnership
Dear [Partner Names],
This Letter of Intent outlines our mutual desire to form a partnership… [Continue with terms, responsibilities, profit sharing etc.]
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Sample 3: Real Estate Purchase
[Date]
[Buyer Name]
[Seller Name]
Subject: Letter of Intent to Purchase Real Estate
Dear [Seller Name],
This letter confirms our intent to purchase the property located at [Address]… [Continue with terms, price, closing date etc.]
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Sample 4: Lease Agreement
[Date]
[Tenant Name]
[Landlord Name]
Subject: Letter of Intent for Lease Agreement
Dear [Landlord Name],
This letter expresses our intent to lease the property located at [Address]… [Continue with terms, rent, lease term etc.]
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Sample 5: Joint Venture
[Date]
[Company A Name]
[Company B Name]
Subject: Letter of Intent Regarding Joint Venture
Dear Sir/Madam,
This Letter of Intent outlines our interest in establishing a joint venture… [Continue with terms, purpose, contribution etc.]
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Sample 6: Asset Purchase
[Date]
[Buyer Name/Company Name]
[Buyer Address]
[Seller Name/Company Name]
[Seller Address]
Subject: Letter of Intent for Asset Purchase
Dear [Contact Person],
This letter constitutes a non-binding letter of intent… [Continue with terms, price, due diligence etc.]
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Sample 7: Service Agreement
[Date]
[Client Name]
[Service Provider Name]
Subject: Letter of Intent for Service Agreement
Dear [Client Name],
This Letter of Intent outlines our desire to provide services… [Continue with terms, scope of work, payment etc.]
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Sample 8: Supply Agreement
[Date]
[Buyer Name]
[Supplier Name]
Subject: Letter of Intent for Supply Agreement
Dear [Supplier Name],
This letter confirms our intent to purchase goods from you… [Continue with terms, quantity, price, delivery etc.]
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Sample 9: Franchise Agreement
[Date]
[Franchisee Name]
[Franchisor Name]
Subject: Letter of Intent for Franchise Agreement
Dear [Franchisor Name],
This letter expresses our interest in obtaining a franchise… [Continue with terms, territory, fees, support etc.]
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Sample 10: Loan Agreement
[Date]
[Borrower Name]
[Lender Name]
Subject: Letter of Intent Regarding Loan
Dear [Lender Name],
This Letter of Intent outlines our interest in obtaining a loan… [Continue with terms, amount, interest rate, repayment etc.]
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Sample 11: Confidentiality Agreement
[Date]
[Disclosing Party Name]
[Receiving Party Name]
Subject: Letter of Intent Regarding Confidentiality
Dear [Receiving Party Name],
This Letter of Intent outlines our expectations regarding confidential information… [Continue with terms, definition of confidential information, obligations etc.]
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Sample 12: Technology License Agreement
[Date]
[Licensor Name]
[Licensee Name]
Subject: Letter of Intent for Technology License
Dear [Licensor Name],
This letter expresses our interest in licensing your technology… [Continue with terms, scope of license, royalties etc.]
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Sample 13: Distribution Agreement
[Date]
[Manufacturer Name]
[Distributor Name]
Subject: Letter of Intent Regarding Distribution
Dear [Distributor Name],
This Letter of Intent outlines our interest in establishing a distribution relationship… [Continue with terms, territory, products, pricing etc.]
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Sample 14: Employment Agreement
[Date]
[Employee Name]
[Employer Name]
Subject: Letter of Intent for Employment
Dear [Employee Name],
This letter outlines our intent to offer you a position… [Continue with terms, job title, salary, benefits etc.]
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Sample 15: Consulting Agreement
[Date]
[Client Name]
[Consultant Name]
Subject: Letter of Intent for Consulting
Dear [Consultant Name],
This Letter of Intent outlines our intent to engage your consulting services… [Continue with terms, scope of work, fees, expenses etc.]
These samples are a starting point; consulting with legal counsel is essential before finalizing any LOI. Carefully consider your specific situation and tailor the LOI to reflect the unique terms of your agreement. A well-drafted LOI helps ensure a smooth and successful business transaction.