Partnership template
Letter of Intent (LOI)
Signals serious intent to enter a transaction and outlines the proposed key terms.
When to use
Before drafting a full contract, to align on the main terms of a proposed deal.
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Template preview
LETTER OF INTENT
[DATE]
To: [RECIPIENT NAME], [RECIPIENT COMPANY] From: [SENDER NAME], [SENDER COMPANY]
Re: Letter of Intent regarding [SUBJECT OF THE PROPOSED TRANSACTION]
Dear [RECIPIENT NAME],
This Letter of Intent (“LOI”) sets out the principal terms on which [SENDER COMPANY] proposes to [describe the proposed transaction — e.g., purchase, partner, engage]. It is intended to guide the negotiation of a definitive agreement.
1. Proposed Transaction. [Describe the transaction.]
2. Key Terms.
- Scope: [SCOPE]
- Price / Consideration: [AMOUNT / STRUCTURE]
- Timeline: [KEY DATES]
- Conditions: [ANY CONDITIONS, e.g., due diligence, approvals]
3. Exclusivity. [Optional: For NUMBER days from the date of this LOI, the Parties agree to negotiate exclusively with each other.]
4. Confidentiality. The Parties shall keep the existence and terms of these discussions confidential.
5. Non-Binding. Except for the sections on Exclusivity, Confidentiality, and Governing Law, this LOI is not binding and creates no obligation to complete the transaction. A binding commitment will arise only upon a signed definitive agreement.
6. Governing Law. This LOI is governed by the laws of [GOVERNING LAW / JURISDICTION].
If these terms reflect our mutual understanding, please sign below.
Sincerely, __________________ [SENDER NAME], [TITLE]
Acknowledged and agreed: __________________ [RECIPIENT NAME], [TITLE] Date: ________
Disclaimer
This template is provided by Accordsign as a general starting point for informational purposes only. It is not legal advice and is not a substitute for consultation with a qualified lawyer. Laws differ by country, state, and situation — please have this document reviewed by legal counsel and adapt the governing-law and jurisdiction clauses to your region before use. Accordsign accepts no liability for its use.
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