Letter of Intent Template
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Quick Facts — Letter of Intent Template Lawyers
- Avg cost to draft a Letter of Intent: $690.00
- Avg cost to review a Letter of Intent: $420.00
- Lawyers available: 160 corporate lawyers
- Clients helped: 134 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.
Find Letter of Intent Templates by Type
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.
See Real Letter of Intent Projects
Delaware Letter of intent for commercial lease Prepare & File
- Delaware
- 2 lawyer bids
- $500 - $850
Arizona LOI to sell shares back to company or other shareholders Drafting
- Arizona
- 4 lawyer bids
- $250 - $1,495
New Jersey Review a Letter of Intent for a Business Purchase. Hopefully with a Purchase Agreement coming soon. Review
- New Jersey
- 8 lawyer bids
- $400 - $2,000
Texas LOI Opal Lotus Tattoo Studio Purchase Entity Drafting
- Texas
- 5 lawyer bids
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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
Faryal A.
Ms. Ayub is an attorney licensed to practice in Texas. Before moving to the US, she has a number of years of experience in contract review, analysis and drafting. Ms. Ayub is available to help you with your legal problems, as well as filling LLC and other business entity formation documents. To know more about her practice, please visit https://ayublawfirmpllc.com/.
"This is my second time working Faryal-- she's great! Always does a thorough job, works quickly and is very responsive."
Joshua B.
Josh Bernstein has been serving real estate and corporate transactional clients since 2002. His experience is varied, and he enjoys working on and puzzling out novel and complex corporate and real estate matters. Josh’s experience includes, among other things, the following: representation of public companies in connection with SEC reporting and compliance work (proxies, 10-K’s; 10-Q’s; 8-K’s, etc.); representation of public and private company securities issuances (including private placements, and other similar offerings); assistance in structuring and drafting joint ventures, both for investors and operating partners, and including both real estate and corporate ventures; handling public and private company mergers and acquisitions; and asset sales and dispositions; assisting clients, big and small, with real estate acquisitions, sales and financings; managing large-scale and multi-state real estate portfolio acquisitions, dispositions and financings; complex condominium creation, structuring and governance work, including: commercial condominiums, use of condominiums as a land planning tool, wholesale condominium property acquisitions and dispositions, and rehabilitating failed or faulty condominium legal structures to make ready for sale; development of restrictive covenants and owners’ association documents for master-planned communities; compliance with federal statutes governing real estate sale and development (including, without limitation, the Interstate Land Sales Full Disclosure Act, the Housing for Older Persons Act, and the Americans with Disabilities Act); representation of real estate lenders, for both improved and unimproved property, and including numerous construction financings secured by real estate; assistance with commercial leasing; from both the landlord and tenant side, and including condominium leasing; training residential home and condominium sales staff for compliance with applicable local and federal law; and workouts of all kinds. When he’s not busy lawyering, Josh may be found watching 80’s commercials, flying a single-engine plane, playing poker, or trying to be a good dad.
"Josh has been extremely helpful sorting through issues with a tenant."
Michael M.
www.linkedin/in/michaelbmiller I am an experienced contracts professional having practiced nearly 3 decades in the areas of corporate, mergers and acquisitions, technology, start-up, intellectual property, real estate, employment law as well as informal dispute resolution. I enjoy providing a cost effective, high quality, timely solution with patience and empathy regarding client needs. I graduated from NYU Law School and attended Rutgers College and the London School of Economics as an undergraduate. I have worked at top Wall Street firms, top regional firms and have long term experience in my own practice. I would welcome the opportunity to be of service to you as a trusted fiduciary. In 2022 and 2023, I was the top ranked attorney on the Contract Counsel site based upon number of clients, quality of work and number of 5 Star reviews.
"Michael's expertise and judgment impressed me. I brought him in for contract advisory work, and he quickly asked the questions I hadn't considered, identified the risks that mattered, and set aside the ones I had wrongly prioritized. He changed how I understood the contract. He is an excellent advisor - highly recommended."
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.
"Excellent counsel. Thorough, clear, responsive. Couldn't have asked for more."
Matthew R.
I am an attorney located in Denver, Colorado with 13 years of experience working with individuals and businesses of all sizes. My primary areas of practice are general corporate/business law, real estate, commercial transactions and agreements, and M&A. I strive to provide exceptional representation at a reasonable price.
"Matthew was incredibly fast with his communication and work. Thank you for the help."
David H.
Michigan licensed attorney. A compelling combination of technology, sourcing, sales, and legal experience. Over 20 years in technology positions negotiating technology engagements and contracts. General practice legal experience. Significant IT contracts experience (from IT sourcing/procurement) with the State of Michigan and Zimmer Biomet (Fortune 500). Excellent people, negotiation, and writing skills; keen eye for continuous improvement. Trusted business partner co-leading or supporting cross-functional integrated business/IT projects.
"David was great! Went above and beyond what was needed and really gave me a fresh perspective on the contract I needed consulting on."
March 10, 2022
Benjamin V.
My practice involves counseling businesses and individuals on a variety of contracts, such as business formation, technology/IP, real estate, leases, and even domestic relations agreements. Much of my practice is dedicated to litigation. As such, I approach contract and transactional work from a litigation perspective by advising clients of the risks involved in failing to develop proper contracts. It takes more than knowledge of the law to be a good lawyer. A good lawyer is honest and forthcoming with clients and has a counseling ethos. And, to me, a good lawyer stands in the shoes of the client when considering how to best serve that client. Whether my client is a business or an individual, I am passionate about helping my clients understand their rights, responsibilities, risks, and possibilities.
Find the best lawyer for your project
Browse Lawyers NowLawyer Reviews for Letter of Intent Template Projects
LOI Review for Stock Sale Home Services Business S-Corp
"Dolan was extension and thorough and went above and beyond with recommendations for the APA."
LOI Review for Business Acquistion
"Mathew was pleasant and professional. He passed along great legal knowledge and provided an excellent service at a reasonable rate. I would definitely use his services again."
LOI Opal Lotus Tattoo Studio Purchase Entity
"Great service, very helpful and patient."
Contract review
"Knowledgeable and very reasonably priced! Would definitely hire again!"
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
LOI to sell shares back to company or other shareholders
Location: Arizona
Turnaround: Less than a week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 4
Bid Range: $250 - $1,495
User Feedback:
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