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Governing Law

Where will this Letter of Intent be used?

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Type of Letter of Intent

What type of transaction is this letter being used for?

What is a Letter of Intent?

A Letter of Intent isn’t binding on either party and is simply AN expression of an intent to continue negotiations in honestness. The interim agreement summarizes the main points of a proposed deal or confirms that a certain course of action is going to be taken.

Letter of Intent is known by other names:

  1. Intent to Purchase Letter
  2. LOI
  3. Letter of Interest
  4. Letter of Agreement
  5. Memorandum of understanding (MOU) and LOI