Canada Letter of Intent Template

Write a professional letter of intent for a Canadian business transaction with this Letter of Intent template for Canada.

• The Letter of Intent ensures that everybody has the same understanding of the terms and conditions discussed by the parties before a formal written agreement is entered into. It also signifies the parties' commitment to complete the deal.
• The Letter of Intent is not a legal contract and is not legally binding, except as it relates to the negotiations between the parties.
• The parties agree that during the course of the negotiations, they will not entertain any offers from or conduct any discussions with any other party with respect to the subject matter of the letter of intent.
• The parties also agree to mutual confidentiality provisions.
• Each party agrees to pay a break-up fee to the other party in the event that they break off negotiations for any reason other than by default by the other party.