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 arrangement.
It is not a legally binding contract except as it relates to the negotiations between the parties.
The parties agree not to consider offers from, or conduct discussions, with any other party with respect to the matter being negotiated.
The parties each agree to keep the other's information confidential and not to disclose any information regarding the negotiations.
Each party agrees to pay a break-up fee to the other party if negotiations break off for any reason other than a breach of the LOI.
You can download the Australia Letter of Intent immediately after purchase. This is a Microsoft Word template. Other formats available on request.
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.
Both parties agree not to discuss with, or consider offers from, any other party the matters being negotiated between them so long as the letter of intent is in effect.
Each party agrees to pay a break-up fee as a penalty if the negotiations are terminated for any cause other than a breach of the LOI.
The template can be used anywhere in Canada.
Get your copy of the Letter of Intent by adding it to your cart, purchasing the form through our secure checkout system, and downloading it to your computer or tablet.
When negotiating a contract with a distributor to sell your products, it's a good idea to put the negotiating points down in writing in this Letter of Intent.
The parties intend the distributor to have exclusive rights to distribute the products within a given territory, and a right of first refusal on additional territories.
The distributor will be an independent contractor, and not an employee or agent of the supplier.
The supplier will provide products of the highest quality, with all applicable warranties.
Target markets are identified.
The Letter of Intent itself is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations between the parties, such as confidentiality provisions.
This template is generic, not country specific, and can be used anywhere.
Download the Letter of Intent form and start the process of adding an exclusive distributor to your network.
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.
Patents. The supplier will retain title to all patents on the product.
License. The supplier will grant the developer an exclusive worldwide license to sell the product.
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 and manage the operations, and the LLC will be managed by the plant owner.
Technology and Resources. The developer will license technology and intellectual property to the LLC, and will provide plant employees. Technological, process and design improvements will be owned by the LLC for its duration.
Confidentiality. The parties agree to keep all information confidential, and to continue to negotiate in good faith until either a definitive agreement is executed or the letter of intent expires.
This Letter of Intent for Manufacturing Joint Venture is a generic template which is not specific to any country or region.