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Letter of Intent
Free letter of intent template outlining preliminary terms before a formal contract — for a deal, purchase, or partnership.
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This free letter of intent covers 1. Proposed Transaction, 2. Key Terms, 3. Due Diligence, 4. Exclusivity, 5. Binding Provisions with 13 clearly marked [placeholder] fields to fill in — built for founders, freelancers, and small business owners formalizing a business decision or agreement without paying a lawyer to draft it from scratch. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Letter of Intent
From: [Party A Name] To: [Party B Name] Date: [Date] Re: Letter of Intent — [Subject, e.g. "Proposed Acquisition of ___"]
This Letter of Intent ("LOI") outlines the preliminary understanding between [Party A] and [Party B] regarding [Transaction Description]. Except as noted in Section 5, this LOI is non-binding and intended only to guide negotiation of a definitive agreement.
1. Proposed Transaction
[Describe the deal — e.g. purchase price, assets/services involved, key terms.]
2. Key Terms
- [Term 1 — e.g. price/valuation]
- [Term 2 — e.g. timeline]
- [Term 3 — e.g. conditions to close]
3. Due Diligence
Each party will have [Number] days to complete due diligence before finalizing a definitive agreement.
4. Exclusivity
[Optional: For [Number] days from the date of this LOI, [Party] will not negotiate a similar transaction with any other party.]
5. Binding Provisions
Sections 4 (Exclusivity) and 6 (Confidentiality) are binding upon signature; all other provisions are non-binding statements of intent only.
6. Confidentiality
Both parties agree to keep the terms of this LOI and any information exchanged during negotiations confidential.
[Party A]: ______________________ Date: ____________ [Party B]: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Consult a licensed attorney before relying on any binding provisions.*
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What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 6 standard sections: 1. Proposed Transaction, 2. Key Terms, 3. Due Diligence, 4. Exclusivity, 5. Binding Provisions, 6. Confidentiality
- 13 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Early-stage businesses
Getting the basics documented before things get more complex.
FAQ
Is this letter of intent template really free?
Yes. Like every template in docstoc's library, this letter of intent is free to use, with no account or signup needed to view, edit, or download it.
What does this letter of intent cover?
This business template includes 1. Proposed Transaction, 2. Key Terms, 3. Due Diligence, 4. Exclusivity. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. This is a general-purpose starting structure, not advice for your specific situation. Business agreements can hinge on details — state of formation, industry-specific regulation, how a dispute would actually play out — that a template can't account for. Have a business attorney review anything that involves real money or real risk before you rely on it.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 13 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free business and related document templates in the docstoc library at /document-templates/.
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Templates are drafted for general use, not a substitute for legal advice — check the note on each page for specifics.
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