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Quick Facts — Letter of Intent Template Lawyers

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

Templates created by lawyers on the ContractsCounsel platform
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Non-Binding Business Purchase LOI
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Binding Business Purchase LOI
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Florida
Florida Letter of Intent Template
Letter of Intent Template
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Non-Binding Asset Purchase LOI
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Binding Asset Purchase LOI
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California
California Real Estate Letter of Intent
California Real Estate Letter of Intent
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*By purchasing a template, you acknowledge that you have read and understood ContractsCounsel's Terms of Use.

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

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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.


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Meet some of our Letter of Intent Template Lawyers

Jeff G. on ContractsCounsel
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5.0 (11)
Member Since:
October 30, 2024

Jeff G.

Business Lawyer
Free Consultation
Raleigh, North Carolina
3 Yrs Experience
Licensed in IN, NC
Valparaiso University School of Law

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.

Recent  ContractsCounsel Client  Review:
5.0

"Pleasure working with Jeff G - will be my go to attorney in the future!"

Anna C. on ContractsCounsel
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5.0 (50)
Member Since:
February 11, 2026

Anna C.

Business Lawyer
Free Consultation
Austin, TX
30 Yrs Experience
Licensed in IN, TX
Indiana University

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.

Recent  ContractsCounsel Client  Review:
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"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. on ContractsCounsel
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5.0 (9)
Member Since:
July 31, 2020

Jeff C.

Outside General Counsel / Business Attorney
Free Consultation
Michigan
39 Yrs Experience
Licensed in CO, OR
University of Oregon

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

Recent  ContractsCounsel Client  Review:
5.0

"Jeff is quick, responsive and his work is excellent. I had a great experience, wouldn't hesitate to use his services again."

Eliza J. on ContractsCounsel
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Member Since:
December 6, 2023

Eliza J.

Family Law Attorney
Free Consultation
REMOTE
5 Yrs Experience
Licensed in CA
JFKU SCHOOL OF LAW

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.

Kenneth W. on ContractsCounsel
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Member Since:
December 6, 2023

Kenneth W.

Lawyer
Free Consultation
Mount Laurel Township
7 Yrs Experience
Licensed in NJ
Elisabeth Haub School of Law at Pace University

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. on ContractsCounsel
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Adam T.

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Ido A. on ContractsCounsel
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Ido A.

Owner, Law Firm
Free Consultation
Fort Lauderdale, FL
18 Yrs Experience
Licensed in FL
J.D., University of Miami

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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Lawyer 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."

New Jersey
Review
Letter of Intent
ContractsCounsel User

Draft a LOI

5.0

"Overall great experience, Tiffany was very easy to work with even though we are in different time zones."

Utah
Drafting
Letter of Intent
ContractsCounsel User

I am selling my business to an interested buyer. Will need support reviewing the sellers LOI/agreement before closing.

5.0

"Pleasure working with Jeff G - will be my go to attorney in the future!"

North Carolina
Drafting
Letter of Intent
ContractsCounsel User

Create Letter of Intent

"Thanks for all your help"

Ohio
Drafting
Letter of Intent
ContractsCounsel User

LOI / PSA / Assignment Agreement Template Review for Self Storage Wholesaling

5.0

"Darryl does quick and thorough work. I will be using him again in the future."

Washington
Review
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ContractsCounsel User

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

Recent Project:
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

Recent Project:
Letter of intent
Location: California
Turnaround: Less than a week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 4
Bid Range: $650 - $1,200

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