Instantly download Letter of Intent Forms for almost any kind of business proposition. These templates are fully editable and easily customized to fit your circumstances.
There are certain advantages to having a letter of intent in place while negotiating a transaction:
You can place restrictions on accepting proposals from other parties for a specified period of time under a "no shop" clause.
Confidentiality provisions protect the proprietary, secret and confidential information exchanged during negotiations.
It indicates to lenders and suppliers each party's intent to proceed with the arrangement, which can then allow financing and work to proceed even though the final agreement has not been signed.
You can set a drop dead date, by which the parties agree to terminate discussions if they have not reached an agreement, and after which date the parties will have no further obligations under the LOI except for any provisions which survive the termination (such as confidentiality).
Do you know to write a Letter of Intent? Don't worry - if not, just download this easy-to-use template for Australia.
This standardised digital form can be used for many kinds of transactions just by filling in the appropriate details.
The purpose of a letter of intent (LOI) is to ensure that all parties have the same understanding of the agreed terms of the deal before a formal agreement is written up. It also signifies the parties' commitment to finalise the arrange.....
Need a letter of intent but don't know how to create one? Use this easy Letter of Intent template for Canada.
A letter of intent clarifies the points of discussion between the parties prior to preparing a formal agreement, and indicates to lenders, customers, contractors and suppliers that the parties intend to complete the transaction.
The LOI is not legally binding for the most part, except for certain provisions such as confidentiality.
Work out the terms of an exclusive supply and development agreement with this Letter of Intent template.
Parties. The parties to the proposed agreement are (ii) a supplier with a product which has potential commercial application and (ii) a developer which will develop, test, produce and distribute the product.
Obligations. The obligations of each party are set out with respect to costs and development of a working prototype.
Negotiate the terms to set up a joint venture for a manufacturing facility in this Letter of Intent template.
Parties. The parties in the joint venture are (i) the developer of certain products and technology, and (ii) a manufacturer with an existing plant which will be redeveloped and retrofitted to produce the products in exchange for a royalty on each sale.
Management. The joint venturers plan to organize a limited liability company (LLC) to oversee a.....
Negotiate a formal agreement to set up a strategic partnership to develop new software titles with this Letter of Intent template.
Key discussion points between the parties include ownership of the final software products; confidentiality; each partner's responsibilities with respect to developing, marketing and advertising of the products; and revenue splitting.
The letter of intent is not intended to be legally binding upon the parties except to the extent of the d.....