Letter of Intent Template
Jump to Section
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.
Find Letter of Intent Templates by Type
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
Texas LOI Opal Lotus Tattoo Studio Purchase Entity Drafting
- Texas
- 5 lawyer bids
- $300 - $3,000
See all Letter of Intent projects
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.
Need help with a Letter of Intent Template?
Meet some of our Letter of Intent Template Lawyers
Anand A.
Anand is an entrepreneur and attorney with a wide-ranging background. In his legal capacity, Anand has represented parties in (i) commercial finance, (ii) corporate, and (iii) real estate matters throughout the country, including New Jersey, Pennsylvania, Delaware, Arizona, and Georgia. He is well-versed in business formation and management, reviewing and negotiating contracts, advising clients on financing strategy, and various other arenas in which individuals and businesses commonly find themselves. As an entrepreneur, Anand is involved in the hospitality industry and commercial real estate. His approach to the legal practice is to treat clients fairly and provide the highest quality representation possible. Anand received his law degree from Rutgers University School of Law in 2013 and his Bachelor of Business Administration from Pace University, Lubin School of Business in 2007.
"Anand was a pleasure to work with! He was very thorough and professional."
Scott M.
I am Scott Mayer of The Mayer Law Group, Professional Corporation (please see my law firm website: mayerlawgroup.us, and my professional references on the site). I have been a successful California real estate attorney for over 30 years. I have managed three real estate platforms, including a national real estate development firm, a real estate family office with over $1 billion of commercial real estate under management, and serving as the Chief Real Estate Officer for Orange County, CA. I have managed the purchase and sale of over 125 commercial and residential properties, including the negotiation of purchase and sale agreements and the handling of due diligence, financing, and closing matters. I have negotiated over 225 commercial and residential real estate leases. I have managed the ground-up development of over 70 real estate projects. I am also a licensed real estate broker. I am unique as I am a real estate lawyer, broker, and developer who has experience with every aspect of real estate.
"I hired Scott to review a commercial real estate contract, and I was very pleased with his work. He demonstrated a high level of experience and knowledge throughout the process, clearly explaining key terms and potential issues in a way that was easy to understand. Scott was thorough and detail-oriented, which gave me confidence that nothing important was overlooked. He was also readily available whenever I had questions, making the process smooth and stress-free. He completed the review on time, which was critical for my transaction. Overall, I would highly recommend Scott to anyone in need of a reliable, responsive, and knowledgeable real estate lawyer."
Jason H.
Jason has been providing legal insight and business expertise since 2001. He is admitted to both the Virginia Bar and the Texas State Bar, and also proud of his membership to the Fellowship of Ministers and Churches. Having served many people, companies and organizations with legal and business needs, his peers and clients know him to be a high-performing and skilled attorney who genuinely cares about his clients. In addition to being a trusted legal advisor, he is a keen business advisor for executive leadership and senior leadership teams on corporate legal and regulatory matters. His personal mission is to take a genuine interest in his clients, and serve as a primary resource to them.
"Wonderful attorney! He was extremely professional, answered all of my questions and was patient with my complicated legal situation. Don’t hesitate to hire him."
Janice K.
Twenty-plus years experience in family law, employment law, public agency law, federal, state and local contracts drafting and review, appellate practice.
"Janice was friendly, kind and efficient. She always held my best interest in mind and was very respectful and helpful at all times. Thank you so much Janice!"
Joe C.
Born in Dallas, Texas, Joe Craddock represents clients in a range of litigation and transactional matters covering Contracts, Real Property, Oil and Gas, and Construction Defects.
August 30, 2023
Massa M.
Highly disciplined attorney with over seven years administrative litigation experience. Capable of analyzing complex research, data, and documentation to prepare and represent individuals in sensitive cases. Recognized as a leader with the ability to perform work both autonomously and collaboratively as a member of a diverse legal team. Great problem-solving skills, strong multitasking capabilities and works well under strict deadlines. A professional with a sense of humor, strong work ethic and ability to build trust across all levels.
September 4, 2023
Tetyana J.
I am a highly accomplished and dedicated immigration attorney, renowned for providing top-tier immigration legal services that consistently exceed expectations. I am known for my expertise in offering exceptional representation across a broad spectrum of immigration cases, including EB-2 National Interest Waivers (NIW), O visas, EB-1A, family-based immigration, TPS, Adjustment of status, asylum petitions, and skillful advocacy in Immigration Court proceedings. My clients rely on my unwavering commitment to their immigration needs, trusting in my in-depth knowledge of the intricate legal processes and my steadfast determination to secure favorable outcomes. My reputation as a leading authority in the field is a testament to my unwavering commitment to delivering unparalleled, high-quality immigration services. In addition, I am fluent in Ukrainian and Russian.
Find the best lawyer for your project
Browse Lawyers NowLawyer Reviews for Letter of Intent Template Projects
Review Letter of Intent for dental office
"He is an excellent lawyer. He knows pretty well the clauses in the healthcare industry. He is extremely efficient and responsive."
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."
Review Letter of Intent
"Eric was awesome. He responded immediately after regular business hours the night before my contract was due to be submitted. Completed it by noon the next day and spoke with me about it. He did a great job and I will definitely use him again."
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."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewCorporate lawyers by top cities
- Austin Corporate Lawyers
- Boston Corporate Lawyers
- Chicago Corporate Lawyers
- Dallas Corporate Lawyers
- Denver Corporate Lawyers
- Houston Corporate Lawyers
- Los Angeles Corporate Lawyers
- New York Corporate Lawyers
- Phoenix Corporate Lawyers
- San Diego Corporate Lawyers
- Tampa Corporate Lawyers
Letter of Intent Template lawyers by city
- Austin Letter of Intent Template Lawyers
- Boston Letter of Intent Template Lawyers
- Chicago Letter of Intent Template Lawyers
- Dallas Letter of Intent Template Lawyers
- Denver Letter of Intent Template Lawyers
- Houston Letter of Intent Template Lawyers
- Los Angeles Letter of Intent Template Lawyers
- New York Letter of Intent Template Lawyers
- Phoenix Letter of Intent Template Lawyers
- San Diego Letter of Intent Template Lawyers
- Tampa Letter of Intent Template Lawyers
ContractsCounsel User
Non-binding letter of intent
Location: New York
Turnaround: Less than a week
Service: Drafting
Doc Type: Letter of Intent
Number of Bids: 9
Bid Range: $240 - $795
ContractsCounsel User