Following is a free letter of intent template that will surely assist you a lot to make up a letter of intent immediately in no time. A legal document that summarizes the major and necessary points of a proposed deal or confirms that a certain course of action is going to be taken by involved parties. Letter of intent is sometimes abbreviated as LOI. Letter of intent usually prepared and signed between two parties before an agreement is finalized. A letter of intent is not a contract and cannot be legally enforced by law. However, it indicates a serious commitment between two parties to carry out a certain business activity. There can be a lot of different reasons and objectives to use letter of intent. For instance, a letter of intent can be used for a manufacturing agreement, share purchase agreement, services agreement, development agreement and supply agreement etc. Letter of intent protects everyone’s rights and responsibilities when entering into an agreement or contract, as well as solidifying the relationship between both parties.
About Free Letter of Intent Sample:
Writing a letter of intent before an agreement is finalize, does mean that both the buyer and seller intend to move ahead with good faith negotiations toward the ultimate purchase transaction or to carry out a certain business activity. Not only in business field but a letter of intent is also used in academic institutes and organizations just as a formal letter limiting to about one page written by aspiring students to the institute in which they intend to hunt higher studies. It could be used as a cover letter for a job position and could also be used a precursor to a formal contract. Use of letter of intent is almost common in all fields of life to deal with serious business transactions and circumstance. Letter of interest is another name of letter of intent. As it is mentioned in recent lines that letter of intent can be used for various transactions and situations, contents and elements of letter of intent will be vary based on its use or objective.
Writing a letter of intent is not a rocket science but one should keep the end goal of the letter in mind to make it effective and perfect. So you are ready to enter into a serious negotiation with another party or company, you should write a letter of intent carefully because a good beginning usually means half the work is done. Start your letter of intent with a formal heading and include complete amount of details and information required to make a letter of intent valid. Remember that if you are writing a letter of intent for a business agreement between two parties, your letter must include key points of the agreement to be signed by both the parties in order to avoid inconvenience in future. Go through a letter of intent template if you want to compose a spotless letter of intent in short period of time. Click on following download button and have a free letter of intent template from here.
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