Letter of Intent (LOI)

Letter of Intent (LOI)

This Letter of Intent ("LOI") is made and entered into on [Date], by and between:

Party A: [Full Name / Company Name]
Address: [Address]

and

Party B: [Full Name / Company Name]
Address: [Address]

Collectively referred to as "the Parties."

1. Purpose

The purpose of this LOI is to outline the preliminary understanding between the Parties regarding [brief description of intended transaction or agreement – e.g., potential business partnership, asset purchase, investment, etc.].

2. Proposed Terms

The Parties intend to negotiate and enter into a definitive agreement based on the following terms:

• [Term 1 – e.g., Scope of Work / Asset to Be Acquired]

• [Term 2 – e.g., Estimated Purchase Price / Investment Amount]

• [Term 3 – e.g., Timeline for Completion]
  (Additional terms may be included as needed.)

3. Confidentiality

Both Parties agree to maintain the confidentiality of this LOI and any related discussions, documents, or information unless otherwise agreed in writing.

4. Exclusivity (if applicable)

[Optional clause] Party B agrees not to enter into negotiations with any other party regarding a similar transaction for a period of [number] days from the date of this LOI.

5. Non-Binding Nature

This LOI is non-binding and does not create any legal obligation on either Party, except for Sections 3 (Confidentiality), 4 (Exclusivity), and 6 (Governing Law), which shall be binding.

6. Governing Law

This LOI shall be governed by and construed in accordance with the laws of [State/Country].

7. Good Faith Negotiations

The Parties agree to engage in good faith negotiations to finalize a mutually acceptable definitive agreement.

IN WITNESS WHEREOF, the Parties have executed this Letter of Intent on the date first written above.

Party A Signature
Name:
Title:

Party B Signature
Name:
Title: