Letter of Intent

Buy this Letter of Intent template

This Letter of Intent template is suitable for Australian businesses that want to immediately record the basics of their agreement. The Letter of Intent is also suitable if you want the agreement to be legally binding. Further, the Letter of Intent sets out the understanding of the parties that a future contract, with more detailed terms and conditions, will be negotiated between the parties and will replace the Letter of Intent.

A template is a great legal document

A letter of intent is a legal document that describes the understanding between two or more parties. The parties will intend to formalise this later in a legally binding agreement. A letter of intent is similar to a heads of agreement, term sheet or memorandum of understanding.

Further, templates can be used for multiple deals. Once the template has been purchased, you can use it as many times as you require.

Key features include:

1. fully editable letter so you can place it on your business’ letterhead;
2. a three-page document that directs you on what information you should provide;
3. the Letter of Intent is expressed to be legally binding;
4. the Letter of Intent contains a confidentiality clause; and
5. the Letter of Intent describes how the agreement can be terminated.

Risk Warning

It’s really important to make sure that you have your legal document reviewed by a qualified lawyer. A lawyer can identify and address risks that apply to your particular legal matter. If you do not have your document reviewed (at no cost to you) by Prosper Law, you acknowledge that we do not act for you. Further, your document may not appropriately address your business’s specific requirements.

Once you have purchased the Letter of Intent template, contact our commercial contract lawyer for a free review.