Letter of Intent Template
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Quick Facts — Letter of Intent Template Lawyers
- Avg cost to draft a Letter of Intent: $700.00
- Avg cost to review a Letter of Intent: $420.00
- Lawyers available: 152 corporate lawyers
- Clients helped: 127 recent letter of intent template projects
- Avg lawyer rating: 5.0 (17 reviews)
A Letter of Intent (LOI) describes the important terms of a potential agreement or deal. If you don’t feel confident to draft one yourself, such as if you don’t have a legal background, it makes sense to purchase a template.
ContractsCounsel is an online legal marketplace that connects clients to vetted lawyers who have experience in drafting and reviewing contracts. It also provides contract templates that you can purchase. These ensure clear, fair, and legal terms for your agreement.
Here’s what to know about purchasing a LOI template and what it contains.
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Benefits of ContractsCounsel Templates
Letter of Intent template documents are:
- Convenient. Simply purchase and download the Letter of Intent so you can fill it out.
- Affordable. Templates are cost-effective and budget-friendly.
- Customizable. You can edit sections and add your own details to make the template yours.
- Available for legal review. You can ask a lawyer on the platform to review it before signing.
Letter of Intent Template Contents
Below are the terms ContractsCounsel’s Letter of Intent Template contains, and why they’re important.
Transaction
This outlines the assets and their prices (which you will input in the document) the buyer will acquire during the transaction.
Why this is important: It clearly defines what’s being bought and for how much. This serves to prevent confusion or disputes in the future.
Liabilities
This section explains liabilities related to the agreement, such as if the business maintains all liabilities and the buyer isn’t responsible for any of them.
Why this is important: Both parties are protected by the document clarifying responsibility for legal obligations.
Consideration
In this section of the LOI template, you’ll fill out the purchase price. It’s based on the business’s financial info that has already been provided.
Why this is important: It confirms the agreed value of the deal. It ensures all parties understand the terms.
Exclusivity
After letter execution, parties agree to financial and business record examinations. The business grants the buyer exclusive rights to arrange financing and perform due diligence.
Why this is important: It prevents the seller from negotiating with other parties.
Closing Conditions
Closing the transaction is subject to things such as due diligence, third-party consent or approval, and confidentiality of LOI terms.
Why this is important: It sets forward all requirements that must be met. This keeps the deal balanced and clear for both parties.
State Law and Legally-Binding Obligations
The LOI template also includes information about what state law governs the document and non-binding obligations. It’s important for the document to clearly specify what sections are legally binding versus those that aren’t.
Why this is important: It avoids legal misunderstandings by outlining which terms carry legal weight and under which jurisdiction.
Do you want a Letter of Intent template?
If you want to download a Letter of Intent template, visit ContractsCounsel. This agreement has been drafted by vetted, experienced lawyers who can also provide legal review to give you peace of mind.
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ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Need help with a Letter of Intent Template?
Meet some of our Letter of Intent Template Lawyers
Jeff G.
Jeff has 25 years of commercial transactional experience within numerous industries, including finance/banking, telecommunications/utilities, insurance, and software. He is a recognized authority on contracts, software licensing and negotiation. Jeff earned his Juris Doctorate from Valparaiso University School of Law and his Masters in Business Administration from North Carolina State University and is licensed to practice law in North Carolina and Indiana.
"Pleasure working with Jeff G - will be my go to attorney in the future!"
Anna C.
I am a business attorney focused on practical, efficient contract drafting, review, and negotiation for healthcare organizations and growth-stage and established businesses. My work includes commercial agreements such as NDAs, MSAs/SOWs, leases, vendor and services agreements, SaaS, and employment and severance agreements. I partner closely with clients to identify key legal and business risks, deliver clear, business-minded redlines with concise issue summaries, and keep transactions moving. Clients value my responsive turnaround, judgment, and ability to balance risk with commercial objectives.
"Anna was a pleasure to work with. Her communication was prompt and clear without hesitation to answer any questions I had regarding the scope of the project."
Jeff C.
Experienced and broad based corporate/business attorney and Outside General Counsel (OGC), for start-ups, small businesses and growing companies of all sizes, advising and assisting clients with corporate and LLC formation, contracts and agreements, internet and terms of use/service agreements, trademarks and intellectual property protection, the purchase and sale of businesses (M&A), labor and employment matters, compliance and risk management, corporate governance, and commercial leasing matters. See other reviews on my website at www.ogcservices.net/reviews
"Jeff is quick, responsive and his work is excellent. I had a great experience, wouldn't hesitate to use his services again."
December 6, 2023
Eliza J.
Eliza brings a distinguished track record of delivering outstanding results for her clients, showcasing expertise across a spectrum of legal areas. Eliza is not just an attorney; she's your dedicated advocate with a proven record of achieving excellent results for her clients. Her representation spans numerous family law cases, including dissolutions, custody, support, probate, and civil litigation matters. Eliza's unique background as a Registered Nurse and licensed Attorney sets her apart. Before establishing her law practice, she served as a Registered Nurse in various hospitals across Los Angeles and the Bay Area. Notably, she contributed to prominent institutions such as Los Angeles County Public Health and the City of Anaheim. Additionally, Eliza ventured into entrepreneurship, managing her own Professional Fiduciary and Consulting business. Her legal acumen extends to civil litigation, personal injury, medical malpractice, nursing home abuse, worker's compensation, and family law matters. Eliza earned her Bachelor's Degree in Nursing and Public Health from CSU Dominguez Hills. In 2008, she furthered her education, obtaining a Master's Degree in Nursing, Administration, and Healthcare Management, along with a Quality Improvement Certificate. Eliza culminated her academic journey by earning her law degree from the JFK University of Law in 2016. Eliza's multidisciplinary background uniquely positions her to navigate the intricacies of legal matters, offering a comprehensive and compassionate approach to her client's diverse needs. Eliza's diverse background uniquely positions her to understand and address your legal needs comprehensively. Trust her to navigate your case with care and dedication, ensuring you receive the support you deserve.
December 6, 2023
Kenneth W.
Committed to a career in advocacy as an attorney, educator, and consultant, I specialize in education, family, personal injury, and criminal law. While at John Rue & Associates LLC, I led litigation and alternative dispute resolution, handling complex class-action lawsuits involving discrimination, privacy, administrative, and education law. I also directed conflict resolution through mediation, reducing costs and securing favorable client outcomes. While in law school, I served as a law clerk at Wilson Elser, excelling in crafting answers, overseeing discovery, attending depositions, and conducting exhaustive legal research. My responsibilities extended to preparing deposition summaries, assisting in motion practice, drafting persuasive briefs, evaluating cases, and contributing to trial preparations. I thrived in managing client affairs, supporting colleagues, and ensuring compliance with relevant laws. I am eager to explore opportunities to contribute my skills and passion to impactful projects aligned with client needs. I look forward to discussing opportunities and demonstrating how my qualifications will meet client needs.
Adam T.
Legal professional with 10+ years of Fortune 500 in-house and AmLaw 50 law firm experience in crafting multi-pronged litigation, regulatory, and public policy strategies and negotiating pioneering, high-stakes global cloud services and digital content distribution deals.
Ido A.
Ido Alexander is dedicated to helping his clients identify risks and understand how to navigate the unknowns. He has a keen ability to sort through the noise to develop strategies for growth and advance clients' interests. An experienced counsel, he focuses on finding solutions for businesses, estate planning needs, helping resolve complex and strategic disputes, and at times restructuring through bankruptcy or out of court, while keeping his clients' financial health as the top priority.
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Browse Lawyers NowLawyer Reviews for Letter of Intent Template Projects
Review a Letter of Intent for a Business Purchase. Hopefully with a Purchase Agreement coming soon.
"No comment."
Draft a LOI
"Overall great experience, Tiffany was very easy to work with even though we are in different time zones."
I am selling my business to an interested buyer. Will need support reviewing the sellers LOI/agreement before closing.
"Pleasure working with Jeff G - will be my go to attorney in the future!"
LOI / PSA / Assignment Agreement Template Review for Self Storage Wholesaling
"Darryl does quick and thorough work. I will be using him again in the future."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
buying a business
Location: Texas
Turnaround: A week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 7
Bid Range: $1 - $3,400
ContractsCounsel User