Express intent to enter into a business deal or partnership with clarity and professionalism through a well-drafted Letter of Intent.
A Letter of Intent (LOI) is a formal document that outlines the preliminary understanding between two or more parties intending to enter into a formal agreement or transaction. Though typically non-binding, it lays the foundation for negotiations by defining expectations, timelines, and key terms.
LOIs are commonly used in business deals, mergers and acquisitions, real estate, employment, and joint ventures.
A clear and professionally written LOI usually includes:
Letter of Intent (LOI) are governed by various laws, including:
Usually not—but specific clauses like confidentiality or exclusivity can be binding if clearly stated.
Before entering into formal contracts—for mergers, partnerships, investments, or employment offers.
Yes, unless there are specific binding terms (like a lock-in period or penalty for withdrawal).
Yes, it’s often used to start negotiations before a formal agreement to sell or develop property.
Absolutely. That would fall under an “exclusivity” or “no-shop” clause.