Letters of Intent
Instantly download Letter of Intent templates for almost any kind of business proposition.
Download customizable and easy-to-use Letter of Intent templates designed for a wide range of business propositions. These templates are crafted to address the needs of various industries and business arrangements, making them a versatile tool for professionals seeking clarity and structure in their negotiations.
Confidentiality and Non-Disclosure Protection
Each template includes carefully drafted confidentiality provisions. These sections are intended to safeguard proprietary, secret, and confidential information that may be exchanged between parties during the negotiation process. By clearly outlining these protections, the templates help ensure that sensitive information remains secure until a final agreement is reached.
Demonstrating Intent and Facilitating Progress
The letter of intent serves as a clear indication to lenders and suppliers of each party’s intent to move forward with the proposed arrangement. This demonstration of commitment can facilitate the initiation of financing and commencement of work, even in cases where the final, binding agreement has not yet been signed. As a result, parties can begin necessary preparations and secure resources with greater confidence.
Customizable and Convenient Formats
All forms are provided as customizable and reusable Microsoft Word documents. This allows users to easily tailor each template to fit the unique requirements of their specific business dealings, promoting efficiency and consistency in document preparation.
AI Disclaimer
These forms were not generated by AI. They have been written and reviewed by legal professionals.
Letter of Intent to Purchase Rental Building
Issue a Letter of Intent outlining the negotiated terms of purchase of a multi-tenant rental building with this downloadable template.
- In a lengthy real estate deal, a letter of intent represents to mortgage lenders, contractors and material suppliers that you are ready and able to complete the transaction.
- The buyer will have an initial inspection period to examine the building and conduct evaluations and due diligence. During this period, the buyer can terminate the transaction at its discretion.
- The seller is responsible for obtaining title insurance, a new survey, and an environmental report.
- The seller will pay the real estate commissions. The buyer will pay all of the costs associated with obtaining financing. Each party will be responsible for paying its own legal fees and costs associated with the transaction.
- Security deposits, prepaid rents and common area maintenance funds held by the seller will be transferred to the buyer at closing.
- The transaction is conditioned upon the buyer being able to obtain adequate financing.
- Available in MS Word format and fully customizable.
Letter of Intent to Purchase Software Licenses
Negotiate the terms of an agreement to purchase software licenses with this Letter of Intent template.
The parties to the transaction under discussion will be (i) the developer who holds the licensing rights to the software and (ii) a party who will purchase licenses for the software, for resale purposes.
Purpose of the Letter of Intent
A letter of intent is a document which clarifies in writing the understanding between the parties to a proposed transaction, prior to formalizing the terms in a legally binding agreement.
Key Points of Negotiation
- No Solicitation. The parties will not solicit or entertain any other offers for the purchase of the licenses unless and until negotiations between them have been terminated.
- Breakup Fee. The purchaser agrees to pay a breakup fee if negotiations are terminated for any reason other than a breach by the developer.
- Confidentiality. Both parties agree to keep all information exchanged between them confidential.
- Good Faith Negotiations. The parties will continue to negotiate in good faith until either a definitive agreement is executed or the letter of intent expires.
How to Get the Document
The Letter of Intent form will automatically download to your device immediately after you pay for it. It is available in MS Word format and is fully editable. This is a generic template that can be used anywhere.
