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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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California
California Real Estate Letter of Intent
California Real Estate Letter of Intent
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Non-Binding Business Purchase LOI
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Non-Binding Asset Purchase LOI
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Florida
Florida Letter of Intent Template
Letter of Intent Template
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Binding Asset Purchase LOI
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Binding Business Purchase LOI
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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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New Jersey Review a Letter of Intent for a Business Purchase. Hopefully with a Purchase Agreement coming soon. Review
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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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Anna C. on ContractsCounsel
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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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"As always, extremely professional, knowledgeable and glad to have Anna as part of my legal counsel."

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June 22, 2023

David U.

Attorney
Free Consultation
CO, AZ, OK
26 Yrs Experience
Licensed in AZ, CO
The University of Oklahoma College of Law

For the last 25 years I've focused on representing businesses and entrepreneurs in transactional law deals, including LLC creation, operation and sale of businesses; real estate sales and leasing; and general contract negotiation and drafting. While I've helped all manner of businesses work out a variety of contract and business matters, I am an expert at helping clients with buying and selling commercial properties including multi-family and office projects and buildings, subdivisions, and retail shopping centers. I am also a recognized expert negotiating leases for retail and office tenants and landlords. Over 25 years I've honed my skills a lawyer at one of the largest law firms in the world, an elite real estate boutique in Aspen, Colorado and a highly regarded firm based in Denver, Colorado, before starting my own practice in 2016. Since 2016 I've been helping my clients with real estate and business deals. I'm a commercial real estate and business expert with a passion for helping clients forge successful ventures in an efficient and understandable manner.

Recent  ContractsCounsel Client  Review:
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"David was very informative during our initial call, and helped me understand the scope of work that my project needed depending on how many legal avenues I wanted addressed and covered. The work he provided was detailed and completed by the deadline that he provided."

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Bryan R. on ContractsCounsel
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Ted A. on ContractsCounsel
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Ted A.

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Equity Investments, Agreements & Transactions | Securities & Lending | Corporate Governance | Complex Commercial Contracts | Outside General Counsel & Compliance

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"Ted was extremely responsive, knowledgeable, easy to work with and was able help me the same day. I would confidently recommend him in the future."

Thomas G. on ContractsCounsel
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Thomas G.

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Lawyer Reviews for Letter of Intent Template Projects

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"Great service, very helpful and patient."

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"Thank You Michael! Look forward to connecting again soon!"

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"Knowledgeable and very reasonably priced! Would definitely hire again!"

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

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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:
Contract review
Location: Illinois
Turnaround: Less than a week
Service: Contract Review
Doc Type: Letter of Intent
Page Count: 3
Number of Bids: 11
Bid Range: $240 - $650
User Feedback:
Knowledgeable and very reasonably priced! Would definitely hire again!

ContractsCounsel User

Recent Project:
M&A MedSpa
Location: Utah
Turnaround: Over a week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 8
Bid Range: $1 - $1,100

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