Sample Letter of Intent

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A letter of intent documents the intended agreement between two or more parties before a contract is completed. Find a sample letter of intent here.

A letter of intent, sometimes referred to as a term sheet, is a legal form that documents the intended agreement between two or more parties before an agreement or contract is completed. It is frequently used in a negotiation process that entails a buyout, merger, lease, or recruitment offer.

What's included
A letter of intent will typically include the names of the buyers, sellers, company, object being sold or transferred, and the intended payment methods and price. Letters of intent may also define an expiration date and any special warranties you find necessary.

Limitations of a letter of intent
A letter of intent is not a binding contract. You should avoid language that promises certain actions. Instead focus on the wishes of the buyers and sellers.

Letter of intent example
Below is a sample letter of intent. John Doe explicitly states his wishes of selling a 50% share of his company, The Very Scary Costume Company, to Jane Smith.

Many letters of intent look similar to the one posted above. You can leaern more about writing a letter of intent or you can create your own letter of intent.

Here are more sample legal documents and forms you may be interested in:

This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.