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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.

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Templates created by lawyers on the ContractsCounsel platform
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Florida
Florida Letter of Intent Template
Letter of Intent Template
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California
California Real Estate Letter of Intent
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Non-Binding Asset Purchase LOI
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Non-Binding Business Purchase LOI
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Binding Business Purchase LOI
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Binding Asset 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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Illinois LOI Review for Business Acquistion Review
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Utah M&A MedSpa Drafting
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California Create Letter of Intent Drafting
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New Jersey Review a Letter of Intent for a Business Purchase. Hopefully with a Purchase Agreement coming soon. Review
  • New Jersey
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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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Alexander N. on ContractsCounsel
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Having overseen over $1.2 billion in transaction value, we are able to provide top-tier service at affordable rates, with much more personalized attention and fast turnarounds. After working for a AM Law Top 100 firm, I started my own firm and have been lucky enough to represent numerous conglomerates (FOX, Endeavor, etc.), promising startups, small businesses and private individuals. Our areas of expertise - Business Formations and Operating Agreements; Capital Raises and Debt Financing; Commercial Transactions; M&A; Real Estate; Intellectual Property; Employment and Hiring; Outside General Counsel; Corporate Agreements and Governance; Litigation and Dispute Resolution. We have been featured in The Wall Street Journal, Marketwatch, Yahoo Finance, Variety, Business Insider, Los Angeles Magazine, the LA Times, and others. We are driven by an unwavering commitment to our clients, going above and beyond to deliver results.

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Kenneth G.

Partner
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Kenneth E. Gray, Jr. is a business and tax attorney who advises entrepreneurs, investors, and closely held companies on transactions, tax planning, disputes, and long-term wealth structuring. He focuses on helping clients make legally sound decisions that also make business sense. Ken’s practice includes business formation and restructuring, mergers and acquisitions, private investments and fundraising transactions, contract drafting and negotiation, and cross-border matters. He also maintains a significant tax practice, advising on federal and state structuring, specialty filings (including partnership, corporate, and non-resident matters), and representing clients in disputes before the U.S. Tax Court and other federal and state tribunals. In addition to his transactional work, Ken handles commercial and business litigation, including tax controversies, financial disputes, and partnership matters. His litigation experience informs how he structures deals and governance documents, with an eye toward preventing disputes before they arise. Ken also advises individuals and families on estate planning, trust formation, tax-efficient wealth transfer strategies, and probate administration, including planning involving closely held businesses and foreign assets. Before practicing law, Ken worked in banking and private equity, including managing a $5 billion emerging markets fund-of-funds portfolio at the U.S. Overseas Private Investment Corporation (OPIC) and serving in equity research at ABN AMRO. That financial background allows him to understand transactions from both the legal and capital perspective. He holds a J.D. from Georgetown University Law Center and an MBA from Yale University. He practices before the U.S. Tax Court, various state courts, and other federal courts.

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Lawyer Reviews for Letter of Intent Template Projects

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5.0

"Quick and very efficient."

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

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"She is a great lawyer and very knowledgeable. If I have another request for services, I will definitely contact her."

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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:
Buying a business
Location: Florida
Turnaround: A week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 7
Bid Range: $1 - $4,000

ContractsCounsel User

Recent Project:
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:
Wendy is fantastic! She really took the time to listen to my needs and assist in formulating a plan that worked for me. She was attentive, insightful and caring. I highly recommend Wendy for your legal needs. I will definitely use her again if or when I ever need attorney services.

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