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How to write your Letter of Intent Agreement

We include this 3 page template with Advertising/Marketing Contract Pack and the Proposal Kit Professional. You will get more content and software automation for data merging, managing client documents, and creating proposals with line item quoting with a Contract Pack or the Professional.

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The Letter of Intent Agreement is intended for two parties who intend to enter into a contract. This Letter of Intent is not a binding contract, it is meant for the parties to ensure they have a clear understanding of what a subsequent contract entails and helps clarify understanding of the potential agreement.
Document Length: 3 Pages
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1. Get Advertising/Marketing Contract Pack or the single template that includes this business contract document.

We include this Letter of Intent Agreement in editable Word format that can be customized using your office software.

2. Download and install after ordering.

Once you have ordered and downloaded your template or pack, you will have all the content you need to get started.

3. Customize the contract template with your information.

You can customize the contract document as much as you need. If you get a Contract Pack or Professional Bundle, you can also use the included Wizard software to automate name/address data merging.

Letter of Intent Agreement

Writing the Letter of Intent Agreement document

LETTER OF INTENT

This letter of intent confirms the mutual intention of the undersigned, which may hereinafter be referred to as "the parties," to enter into a potential transaction, described herein, this Current Day day of Current Month, Current Year between:

Company Name "Party A" AND Company Name "Party B".

Address Address

City, State City, State

Postal Code Zip or Postal Code. This document, in and of itself, does not represent an enforceable legal contract.

Terms of Agreement

The terms of the proposed transaction are as follows:

Summary of Intent

Insert summary of terms for letter of intent.

Consideration

Insert consideration/compensation or financial terms.

Due Diligence and Review

Upon execution of this letter of intent, parties will allow Insert whether the terms include an examination of financial, accounting, legal, historical or intellectual property information, including any business records, communication, disclosures, contracts or any other legal documents. Any information obtained during this period shall be bound by the terms of a Confidentiality Agreement executed by the parties, dated Date (the "Confidentiality Agreement"). The parties pledge full cooperation in order to complete the due diligence and review period without unreasonable delay.

Purchase Agreement

All terms and conditions contained within the proposed transaction will be fully contained within the Purchase Agreement. Neither party shall be bound by any written or oral statements, whether made by the respective parties or their designated agents, employees or assigns that concern the Purchase Agreement that may arise out of discussion or negotiation.

Closing Date

Parties agree to a closing date of Insert Closing Date, which both parties shall agree to be the date in which both Due Diligence and Review must be complete and all Terms and Conditions contained within the Purchase Agreement.

Conduct in Ordinary Course

All terms are subject to the parties continuing to conduct their business in the ordinary course and having no material adverse change in business, condition, finances, litigation, prospects, governmental action or any material change not disclosed at the time of the closing date.

Continuity/Employment

Insert Business Continuity and Employment terms here.

Expediency

Parties agree that TIME IS OF THE ESSENCE and both shall use all reasonable efforts to complete the Due Diligence and Review period and to sign the Purchase Agreement on or before Insert Signature Date and subsequently to close the transaction as promptly as practicable thereafter.

Expenses

Parties shall be responsible for their own expenses incident to this letter of intent, the Review and Due Diligence period, the Purchase Agreement and all related transaction costs except where explicitly noted in the Purchase Agreement.

Public Announcements

Neither party shall make any public announcement(s) of the proposed transaction contemplated within this letter, or of the execution of the Purchase Agreement without the express written approval of the other party. The above shall not restrict in any way either party's ability to communicate information concerning this letter of intent, the Due Diligence and Review period, the transactions contemplated, and work product or information used by either party, its agents or designees - including information relevant to third parties whose consent shall be required in connection with the transaction(s) contemplated by this letter of intent.

Exclusive Negotiating Rights

Both parties agree that for a period of Insert Days Here that their officers, directors, employees, agents or assigns shall not solicit, initiate, encourage, whether directly or indirectly, or accept any offer or proposal, regarding a statement summary of what this letter is about, e. Acquisition by any person or entity other than the parties listed in this letter of intent, including, without limitation, any purchase or disposition of assets, mergers, sale of stock or securities, equity or any other action that is not considered to be normal and ordinary and within the ordinary course of business conducted.

Remedy of Law

Each party acknowledges and agrees that due to the nature of the information exchanged in this letter of intent and the period of time up until the Closing Date, there can be no adequate remedy of law for any breach of its obligations hereunder, which breach may result in irreparable harm. Upon any such breach or any threat thereof, the aggrieved party shall be entitled to appropriate equitable relief in addition to whatever remedies it might have at law. In the event that any of the provisions of this Agreement shall be held by a court to be overbroad as to scope, such provision or provisions shall be limited or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain compatible with the law as it shall appear.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of State. Exclusive jurisdiction and venue shall be in the County County, State Superior Court.

Entire Agreement

This Agreement supersedes all prior discussions and writings and constitutes the entire agreement between the parties with respect to the subject matter hereof. The prevailing party in any action to enforce this Agreement shall be entitled to costs and attorneys' fees.

Binding Effect

This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and assigns. Neither party may assign any of its obligations under this Agreement without prior written consent.

Both parties represent and warrant that, on the date first written above, they are authorized to enter into this Agreement in its entirety and duly bind their respective principals by their signatures below:

The complete Letter of Intent Agreement - with the actual formatting and layout - is available as a single template or as part of a library of related templates in a Contract Pack or the Professional Bundle.
Letter of Intent Agreement
Product name:
Letter of Intent Agreement
Produced by:
Proposal Kit
Category:
Software › Computer Software › Business & Productivity Software
Price:
$19 USD
Code:
CT-330
 
 
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Related documents may be used in conjunction with this document depending on your situation. Many related documents are intended for use as part of a contract management system.

Related Documents:

Key Takeaways

  • The Letter of Intent Agreement is available as a ready-to-edit template.
  • The Contract Packs and Professional Bundle include many related agreements and documents.
  • You can automate financials and data merging into contracts using a Contract Pack or Professional Bundle.
  • You can also create business proposals and integrate your contracts using the Professional Bundle.
  • There are no ongoing subscription fees. You get lifetime unlimited use.

How to Build a Legal Contract with Proposal Kit

This video illustrates how to create a legal contract using the Proposal Pack Wizard software. It also shows how to create a proposal with an invoice and contract at the same time.

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Disclaimers

Proposal Kit, Inc. makes no warranty and accepts no responsibility for the suitability of any materials to the licensee's business. Proposal Kit, Inc. assumes no responsibility or liability for errors or inaccuracies. Licensee accepts all responsibility for the results obtained. The information included is not legal advice. Names in use cases have been fictionalized. Your use of the Letter of Intent Agreement template and any purchased packages constitutes acceptance and understanding of these disclaimers and terms and conditions.

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