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Letter of Intent PDF Free Download
Letter Of Intent
A Letter of Intent is a written document that outlines a preliminary agreement between two parties regarding the terms of a potential purchase or other transaction.
Think of it as a road map as to how the negotiation and deal will proceed.
The two parties can settle on certain terms while agreeing to continue to negotiate the other terms and details of the transaction before actually signing a purchase agreement.
As a reference, a Letter of Intent is known by other names: Intent to Purchase Letter
LOI
Letter of Interest
Term Sheet
Memorandum of Understanding (MOU)
Assurance Letter
Framework Letter
Different Types of Letters of Intent
Below you can find different versions of a letter of intent that fulfill the same purpose as a traditional LOI but for unique situations.
The LOI templates below are blank, fillable, and free to download.
Intent Work?
Parties Negotiate
Before any agreement can be made, the parties will be required to negotiate the terms.
Once the main details are determined, such as the purchase price or payment for services, a letter of intent may be written.
Write the Letter of Intent
When enough details are agreed upon a letter of intent may be written.
It’s important to include as many agreed-upon items as possible.
If the letter is binding, it is enforceable and should include the same terms as a standard agreement.
If the letter is non-binding, it should only include the main terms such as payment or compensation.
Any additional items will be written in another agreement.
Completing the Transaction
Complete the transaction by either finalizing the transaction or converting the letter of intent into a binding agreement.
Both parties have an obligation to continue the transaction, in “good faith,” with one another.
| Author | – |
| Language | English |
| No. of Pages | 3 |
| PDF Size | 1 MB |
| Category | Form |
| Source/Credits | eforms.com |
Letter Of Intent PDF Free Download