Letter of Intent Format A Letter of Intent (LOI) is a preliminary document expressing interest in moving forward with a formal agreement. While non-binding, it outlines the key terms of a potential deal. The format will vary depending on the situation, but here's a general structure to follow: 1. Introduction Your Name/Company and Contact Information Date Recipient Name/Company and Contact Information (if applicable) Subject Line: Briefly state the purpose of the LOI (e.g., "Letter of Intent to Purchase [Asset]") 2. Body Paragraphs State your intent. Clearly express your interest in pursuing the proposed agreement. Brief overview of the transaction. Briefly describe the nature of the agreement (e.g., acquisition, partnership, investment). Key Terms (Optional). You can outline the main points of the potential agreement, but with the understanding these are not fixed. This might include things like price range, timeline, or contingencies. Confidentiality (if applicable). If sensitive information will be shared, you can mention the desire to maintain confidentiality. Next Steps. Briefly outline the next steps you propose, such as further discussions or due diligence. 3. Closing Restate your interest in moving forward. Thank the recipient for their time and consideration. Signature (with typed name and title below for physical copies) Additional Considerations Length: Typically 2-3 pages. Tone: Professional and concise. Formatting: Use a professional font (e.g., Times New Roman, Arial) and standard business letter formatting. Attachments (Optional): You can include additional documents relevant to the LOI. Remember: An LOI is a starting point for negotiation, not a final contract. For legal matters, consult with an attorney.