Letters of Intent

Before you order a commodities shipment for a customer, have them sign this Irrevocable Letter of Intent and Purchase Order.

• The Letter of Intent confirms the customer's intention to buy certain commodities from the supplier.
• The order is irrevocable, in other words, it cannot be revoked (cancelled) by the customer.
• The Purchase Order portion of the form includes a schedule of products, specifications, delivery terms, target prices and payment methods.

This Irrevocable Letter of Intent to Purchase Commodities was updated October 2012. To get your copy, put it in your cart and check out.

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.

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.
• Confidentiality. Mutual confidentiality undertakings.
• This Letter of Intent for Exclusive Supply and Development Agreement is generic (not country specific) and fully editable to fit your particular circumstances.

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.

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.

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 discussions between them.
• This is a generic template which is not country specific and can be used anywhere.
• Available in MS Word format and fully editable.

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.
• Available in MS Word format.
• Written for use in Australia.

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.
• Available in MS Word format and fully customizable.

Sometimes in the course of a business transaction, it's beneficial to put a letter of intent in place to protect the interests of the parties. This template Letter of Intent is for New Zealand.

• Purpose. 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.
• Not Legally Binding. The Letter of Intent is not a legal contract and is not legally binding other than to the extent specifically stated in the document.
• Exclusive Negotiations.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.
• Confidentiality. The parties also agree to mutual confidentiality provisions.
• Break-up Fee. 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.
• This letter of intent template is prepared for use in New Zealand.

If you need to move forward with certain aspects of a transaction, such as financing, before the deal is finalized, you can put a letter of intent in place. Write one up with this template for use in the U.S.

• A letter of intent is not a legal contract, except for specific clauses such as the confidentiality provisions.
• The LOI summarizes the terms that have been negotiated and indicates the parties' intention to finalize the transaction. This provides a level of security to lenders or investors who are funding the deal.
• The parties agree to negotiate exclusively with each other and not consider or accept any other offers while the letter of intent is in effect.
• Available in MS Word format.
• Intended to be used within the United States.