All templates / Business Formation & Structuring
Letter of intent / term sheet
templateA non-binding summary of the key terms both sides have agreed to in principle — price, stake, structure — before time is spent on a full definitive agreement. The kind of document a handshake deal gets written down as, before the lawyers draft the real thing.
Good fit for
- +Confirming both sides agree on the big-picture terms before investing time in a full agreement
- +A partial investment, a full acquisition, or any deal where you want the basic terms in writing early
Not ideal for
- −Treating this as the final, binding agreement — an LOI is normally explicitly non-binding on the core deal terms (though confidentiality/exclusivity clauses within it often are binding)
Ready to fill this in
3 short steps, autosaved as you go, exportable as a PDF at the end.
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This document was generated from a template and is provided for informational purposes only. It is not legal advice. Consult a licensed attorney in your jurisdiction before relying on it.