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Set out terms for a proposed agreement using this letter of intent (LOI) and give yourself more chance of succeeding and achieving your aims. Also called memorandum of understanding (MOU), this letter of intent includes details of the proposed agreement, pre-conditions, key obligations and has options to include legally binding obligations of confidentiality, exclusivity and non-solicitation.

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When to use this letter of intent

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Use this letter of intent (LOI)

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What it covers

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This letter of intent or memorandum of understanding covers:

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Further advice

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Ask a lawyer for:

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Letter of Intent (LOI) - Memorandum of Understanding

Overview of the Letter of intent (LOI)

Set out terms for a proposed agreement using this letter of intent (LOI) and give yourself more chance of succeeding and achieving your aims. Also called memorandum of understanding (MOU), this letter of intent includes details of the proposed agreement, pre-conditions, key obligations and has options to include legally binding obligations of confidentiality, exclusivity and non-solicitation.

When to use this letter of intent

Use this letter of intent (LOI)

  • if you are interested in signing an agreement with another business
  • to formalise on-going discussions with another business
  • to record what has been agreed, before a legally enforceable agreement is drawn up
  • to protect your valuable business information and key employees

What it covers

This letter of intent or memorandum of understanding covers:

  • details of the proposed agreement
  • target completion date
  • pre-conditions to the proposed agreement
  • the parties' key obligations
  • options to include legally binding obligations of confidentiality, exclusivity and non-solicitation

Further advice

Ask a lawyer for:

  • advice regarding a legally enforceable agreement if performance of the agreement is about to begin or has already begun

Sample Letter of intent (LOI)

More than just a Letter of intent (LOI) template, our step-by-step interview and guidance makes it easy to create your document.

Easily create online, download, print and sign your free Letter of intent (LOI) in minutes.

This document is also sometimes called: Letter of Agreement, Memorandum of understanding (MOU) and LOI.