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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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Florida
Florida Letter of Intent Template
Letter of Intent Template
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Non-Binding Asset Purchase LOI
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Binding Business 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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Non-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

Delaware Letter of intent for commercial lease Prepare & File
  • Delaware
  • 2 lawyer bids
  • $500 - $850
View Details
Florida Buying a business Drafting
  • Florida
  • 7 lawyer bids
  • $1 - $4,000
View Details
Arizona LOI to sell shares back to company or other shareholders Drafting
  • Arizona
  • 4 lawyer bids
  • $250 - $1,495
View Details
Illinois LOI Review for Business Acquistion Review
  • Illinois
  • 13 lawyer bids
  • $2 - $1,500
View Details
Texas Review Letter of Intent Review
  • Texas
  • 10 lawyer bids
  • $200 - $2,999
View Details
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
View Details

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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

Nichelle W. on ContractsCounsel
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5.0 (2)
Member Since:
August 12, 2026

Nichelle W.

Business & Contracts Attorney | Outside General Counsel | Sports, Entertainment, Employment & Estate Planning
Free Consultation
Ocala, Florida
5 Yrs Experience
Licensed in FL
Nova Southeastern University Shepard Broad College of Law (J.D., summa cum laude, top 5%)

I help business owners, founders, employers, athletes, creators and families get contracts and legal documents done right the first time, at a flat fee agreed before any work starts. I am licensed in Florida (2021) and Washington, D.C. (2022). I practice as a business and contracts attorney and outside general counsel with Amethyst Law Group, and previously served as Florida Managing Attorney at Lento Law Group. Before that I sat on the business side of the table as General Manager and General Counsel of a professional basketball organization and as Deputy Commissioner of a start-up sports league, so I have negotiated, drafted and enforced the same agreements I now prepare and review for clients: sponsorship and vendor deals, player, coaching and staff contracts, employment and independent contractor agreements, licensing and brand deals. What I handle on ContractsCounsel: - Contract drafting, review and redlining: service agreements, MSAs, NDAs, vendor and supplier agreements, sponsorship, licensing, endorsement and brand deals - Business formation and governance: LLCs and corporations, operating agreements, bylaws, partnership and shareholder agreements, founder and equity arrangements - Employment and hiring: offer letters, employment agreements, independent contractor agreements, non-compete and confidentiality agreements, separation and severance agreements, handbooks and policies - Sports, entertainment and creator agreements: athlete representation, NIL, sponsorship, appearance, management and agency agreements (licensed FIBA agent) - Real estate: purchase and sale agreements, residential and commercial leases, contract review before you sign - Wills, trusts, powers of attorney and estate planning documents - Demand letters, cease and desist letters and pre-dispute contract enforcement - Ongoing outside general counsel support for small and growing businesses How I work: Every project starts with a fixed price and a delivery date you can plan around. You receive a plain-English summary of what the document does, what I changed and why, and any risks you should know about, not just a marked-up file. Two rounds of revisions are included so the final draft is exactly what you need, and I respond to messages the same business day. Credentials: J.D., Nova Southeastern University Shepard Broad College of Law, summa cum laude, top 5% of class, Senior Editor of the Southern Journal of Policy and Justice, Dean's Certificate of Professionalism, 300+ pro bono hours; M.S. Forensic Psychology (4.0 GPA); M.S.Ed. Sports Administration, University of Miami; B.A. English Language and Literature, Southern New Hampshire University. Recognized as an Elite Lawyer recipient. Malpractice insurance carried. Litigation background: first-chair trial attorney with experience in business, employment, real estate, consumer protection and family matters. I draft every contract with a clear view of how it will hold up if it is ever tested.

Garrett M. on ContractsCounsel
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4.9 (10)
Member Since:
June 15, 2023

Garrett M.

Business Attorney
Free Consultation
Cincinnati, Ohio
6 Yrs Experience
Licensed in KY, OH
University of Cincinnati College of Law

Attorney Garrett Mayleben's practice is focused on representing small businesses and the working people that make them profitable. He represents companies in structuring and negotiating merger, acquisition, and real estate transactions; guides emerging companies through the startup phase; and consults with business owners on corporate governance matters. Garrett also practices in employment law, copyright and trademark law, and civil litigation. Though industry agnostic, Garrett has particular experience representing medical, dental, veterinary, and chiropractic practices in various business transactions, transitions, and the structuring of related management service organizations (MSOs).

Recent  ContractsCounsel Client  Review:
4.7

"Though I found a few small mistakes that made me think he rushed a bit, he revised the agreement to be more in my favor. His expertise was well worth it."

Don G. on ContractsCounsel
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4.9 (21)
Member Since:
March 1, 2021

Don G.

Attorney at law
Free Consultation
Oklahoma City, OK
25 Yrs Experience
Licensed in TX
Texas Tech School of Law

Texas licensed attorney specializing for 22 years in Business and Contract law with a focus on construction law and business operations. My services include General Business Law Advisement; Contract Review and Drafting; Legal Research and Writing; Business Formation; Articles or Instructive Writing; and more. I am able to draft and review contracts, and have experience with, contract law and business formation in any state. For more insight into my skills and experience, please feel free to visit my LinkedIn profile or contact me with any questions.

Recent  ContractsCounsel Client  Review:
5.0

"Don is very responsive, knowledgeable, efficient and professional."

Ralph S. on ContractsCounsel
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5.0 (76)
Member Since:
October 31, 2021

Ralph S.

Business, contract, prenup and startups Attorney
Free Consultation
Gainesville FL
15 Yrs Experience
Licensed in DC, FL, MA
University of Florida Levin College of Law

Ralph graduated from University of Florida with his JD as well as an LLM in Comparative Law. He has a Master's in Law from Warsaw University , Poland (summa cum laude) and holds a diploma in English and European Law from Cambridge Board of Continuous Education. Ralph concentrates on business entity formation, both for profit and non profit and was trained in legal drafting. In his practice he primarily assists small to medium sized startups and writes tailor made contracts as he runs one of Florida disability non profits at the same time. T l Licensed. in Florida Massachusetts and Washington DC this attorney speaks Polish.

Recent  ContractsCounsel Client  Review:
5.0

"Ralph was very nice and did a great job drafting my website's Terms and Privacy documents. Would hire him again for future work."

Bryan R. on ContractsCounsel
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5.0 (6)
Member Since:
May 13, 2026

Bryan R.

Contracts Attorney & Legal Counsel
Hanover, MD
14 Yrs Experience
Licensed in MD
The George Washington University Law School

Bryan J. Reddix is an experienced attorney and contracts management professional with over a decade of expertise navigating complex commercial and government contracting. Serving as both internal General Counsel and a senior Contracts Director, Bryan specializes in drafting, negotiating, and risk-mitigating a wide spectrum of agreements across the technology, federal procurement, and small business sectors. His deep familiarity with the Federal Acquisition Regulation (FAR/DFARS), corporate compliance, and intellectual property allows him to provide holistic, strategic legal guidance that protects business interests while driving profitability.

Recent  ContractsCounsel Client  Review:
5.0

"Bryan was informative and guided us on lot of questions. would love to work with him again on some other initiative"

Stanley K. on ContractsCounsel
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Member Since:
July 29, 2021

Stanley K.

Corporate Attorney
Free Consultation
Waltham, MA
32 Yrs Experience
Licensed in CA, MA, TX
University of Texas School of Law

Stan provides legal services to small to medium-sized clients in the New England region, and throughout the U.S. and abroad. His clients are involved in a variety of business sectors, including software development, e-commerce, investment management and advising, health care, manufacturing, biotechnology, telecommunications, retailing, and consulting and other services. Stan focuses on the unique needs of each of his clients, and seeks to establish long term relationships with them by providing timely, highly professional services and practical business judgment. Each client's objectives, business and management styles are carefully considered to help him provide more focused and relevant services. Stan also acts as an outsourced general counsel for some of his clients for the general management of their legal function, including the establishment of budgets, creation of internal compliance procedures, and the oversight of litigation or other outside legal services.

Sam W. on ContractsCounsel
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Member Since:
July 30, 2021

Sam W.

Entertainment attorney
Free Consultation
Los Angeles
12 Yrs Experience
Licensed in CA
Columbus School of Law, The Catholic University of America

Sam Widdoes has practiced law in California since 2014. He began his career as a litigation associate at a boutique firm in Los Angeles, and founded a production development company with a partner in 2017. Since then, Sam has served as the head of business and legal affairs at District 33, while working hand-in-hand with writers, directors and actors to develop, pitch and produce scripted and unscripted content. In that role, Sam produced the documentary series BLACKBALLED for Quibi/Roku, and will produce the upcoming documentary feature AS WE SPEAK directed by J.M. Harper for Paramount+/MTV, and the doc series THE BLACK BOX for MRC and XYZ Films. He is also the executive producer of an upcoming limited series with CBS TV starring Judith Light and Noah Wyle called SHADOWS IN THE VINEYARD, and a feature comedy for Spyglass Entertainment, among other projects. In early 2022, Sam opened WIDDOES LAW, APC, after recognizing a need for experienced legal services in the unscripted and documentary spaces. Since opening his own practice, Sam has advised producers, editors, directors and rights holders on a variety of agreement negotiations, including option purchase contracts, collaboration agreements and documentary producer deals. Sam also serves as production counsel for several documentary features, series and short films, and will draft, negotiate and advise on all legal aspects of the projects, including financing, production and distribution. Sam earned his Juris Doctor from The Catholic University of America, Columbus School of Law in 2013, where he graduated on the Dean's List and as a member of the Society of Trial Advocates. He holds a BA in journalism from the University of Richmond, and sits on the Board of Trustees at Turning Point School in Culver City, California. Sam is passionate about quality storytelling, and supporting those with the vision and drive to share their stories with the world.

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Lawyer Reviews for Letter of Intent Template Projects

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

LOI and APA

5.0

"Met my needs"

Arizona
Drafting
Letter of Intent
ContractsCounsel User

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

LOI Review for Business Acquistion

5.0

"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."

Illinois
Review
Letter of Intent
ContractsCounsel User

Review Letter of Intent for dental office

5.0

"He is an excellent lawyer. He knows pretty well the clauses in the healthcare industry. He is extremely efficient and responsive."

New Jersey
Review
Letter of Intent
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: Florida
Turnaround: A week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 7
Bid Range: $1 - $4,000

ContractsCounsel User

Recent Project:
Business Acquisition: Seller's Side Letter of Intent
Location: North Carolina
Turnaround: Less than a week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 8
Bid Range: $360 - $8,500

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