Business Letter of Intent

Feb. 24, 2007

Posted by Jane Anderson under Samples
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Letters of Intent resemble written contracts, but are usually not binding on the parties. However, some letters of intent contain provisions that are binding, such as non-disclosure agreements, or provisions promising exclusive rights to negotiate.

The purposes of a Letter of Intent may be:

  • to clarify the key points of a complex transaction for the convenience of the parties
  • to declare officially that the parties are currently negotiating, as in a merger or joint venture proposal
  • to provide safeguards in case a deal collapses during negotiation

Sample Business Letters of Intent