Letter of Intent for Research and Development

Write a Letter of Intent for research funding, development and commercialization of products with this easy-to-use template.

• The Letter of Intent is a good faith negotiation tool to finalize an R&D agreement between a research institution and a company seeking to fund a particular field of research.
• Each party agrees to keep all of the other party's information confidential.
• The company will fund the research in exchange for the opportunity to develop and produce marketable products.
• The company will also acquire rights to the underlying intellectual property and patents.
• The Letter of Intent is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations.
• This is a generic form which can be used anywhere.