Letter of Intent Template
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Quick Facts — Letter of Intent Template Lawyers
- Avg cost to draft a Letter of Intent: $700.00
- Avg cost to review a Letter of Intent: $420.00
- Lawyers available: 152 corporate lawyers
- Clients helped: 127 recent letter of intent template projects
- Avg lawyer rating: 5.0 (17 reviews)
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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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
Arizona LOI to sell shares back to company or other shareholders Drafting
- Arizona
- 4 lawyer bids
- $250 - $1,495
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
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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
Paul S.
I focus my practice on startups and small to mid-size businesses, because they have unique needs that mid-size and large law firms aren't well-equipped to service. In addition to practicing law, I have started and run other businesses, and have an MBA in marketing from Indiana University. I combine my business experience with my legal expertise, to provide practical advice to my clients. I am licensed in Ohio and California, and I leverage the latest in technology to provide top quality legal services to a nationwide client-base. This enables me to serve my clients in a cost-effective manner that doesn't skimp on personal service.
"Was my great pleasure working with Paul. He is very knowledgeable about startups/companies, professional, wise, and supportive. I would highly recommend him."
Nicholas M.
Nicholas Matlach is a cybersecurity expert (CISSP) and an attorney who is dedicated to helping small businesses succeed. He is a client-focused professional who has a deep understanding of the challenges that small businesses face in the digital age. He also provides legal counsel to small businesses on a variety of issues, including formation, intellectual property, contracts, and employment law.
"Enjoyed his demeanor. Professional yet down to earth. The document created for me was very explicit and easy to read. I would recommend :)"
Michael M.
www.linkedin/in/michaelbmiller I am an experienced contracts professional having practiced nearly 3 decades in the areas of corporate, mergers and acquisitions, technology, start-up, intellectual property, real estate, employment law as well as informal dispute resolution. I enjoy providing a cost effective, high quality, timely solution with patience and empathy regarding client needs. I graduated from NYU Law School and attended Rutgers College and the London School of Economics as an undergraduate. I have worked at top Wall Street firms, top regional firms and have long term experience in my own practice. I would welcome the opportunity to be of service to you as a trusted fiduciary. In 2022 and 2023, I was the top ranked attorney on the Contract Counsel site based upon number of clients, quality of work and number of 5 Star reviews.
"Michael's expertise and judgment impressed me. I brought him in for contract advisory work, and he quickly asked the questions I hadn't considered, identified the risks that mattered, and set aside the ones I had wrongly prioritized. He changed how I understood the contract. He is an excellent advisor - highly recommended."
Elexius E.
My name is Elexius. I’ve been practicing since 2016. I began my career doing defense work for insurance companies. I handled worker’s compensation cases, insurance subrogation claims and a number of related employment issues including wage and hour disputes, resignation, termination and release of claims. I also handled employee contract matters and revised contracts as needed for my clients. In my current role I draft contracts and related agreements, including cease and desist, letters of understanding, and various notices. I also handle contractual interference issues.
"Great work! Elexius identified areas in the document that I hadn’t noticed and highlighted the risks involved if I proceed with executing the property management contract — it was absolutely worth the cost."
September 22, 2023
Wilberforce A.
Wilberforce Agyekum is an attorney with 16 years of experience practicing in areas of contracts, immigration, and criminal law. Wilberforce received a Bachelor of Science degree from Washington Adventist University, and Juris Doctorate from Seattle University School of Law.
September 22, 2023
Grady C.
I have been practicing law since 2010 focusing on estate planning, probate, corporate & business, and family law matters. Prior to the practice of law, I had extensive experience as a financial advisor, business consulting, and information technology.
September 25, 2023
Jarrid C.
I’m the Managing Attorney at The Coaxum Firm LLC, a small firm located in Alabama that handles Family Law, Criminal Defense, and Personal Injury cases. My law partner is my older brother, Louis Coaxum, and we’ve been practicing together as a firm for over 8 years.
Find the best lawyer for your project
Browse Lawyers NowLawyer Reviews for Letter of Intent Template Projects
Draft a LOI
"Overall great experience, Tiffany was very easy to work with even though we are in different time zones."
LOI Review for Stock Sale Home Services Business S-Corp
"Dolan was extension and thorough and went above and beyond with recommendations for the APA."
I am selling my business to an interested buyer. Will need support reviewing the sellers LOI/agreement before closing.
"Pleasure working with Jeff G - will be my go to attorney in the future!"
LOI Review for Business Acquistion
"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."
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
Create Letter of Intent for Business Purchase
Location: Massachusetts
Turnaround: Less than a week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 10
Bid Range: $350 - $1,800
ContractsCounsel User