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    Letter of Intent Template

    Uploaded by

    PFMPC Secretary
    A Letter of Intent (LOI) is a non-binding agreement that expresses interest in continuing negotiations towards a potential transaction, such as purchasing a business. It can present initial terms but is not legally binding. However, it is important because it is usually accompanied by a confidentiality agreement preventing the parties from pursuing other offers during negotiations. The LOI summarizes the understanding reached so far between parties and indicates support for continuing discussions towards a final agreement.

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    Download as DOC, PDF, TXT or read online from Scribd

    Letter of Intent Template

    Uploaded by

    PFMPC Secretary
    506 views4 pages
    A Letter of Intent (LOI) is a non-binding agreement that expresses interest in continuing negotiations towards a potential transaction, such as purchasing a business. It can present initial terms but is not legally binding. However, it is important because it is usually accompanied by a confidentiality agreement preventing the parties from pursuing other offers during negotiations. The LOI summarizes the understanding reached so far between parties and indicates support for continuing discussions towards a final agreement.

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    Letter of Intent Template

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    A Letter of Intent (LOI) is a non-binding agreement that expresses interest in continuing negotiations towards a potential transaction, such as purchasing a business. It can present initial terms but is not legally binding. However, it is important because it is usually accompanied by a confidentiality agreement preventing the parties from pursuing other offers during negotiations. The LOI summarizes the understanding reached so far between parties and indicates support for continuing discussions towards a final agreement.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    506 views4 pages

    Letter of Intent Template

    Uploaded by

    PFMPC Secretary
    A Letter of Intent (LOI) is a non-binding agreement that expresses interest in continuing negotiations towards a potential transaction, such as purchasing a business. It can present initial terms but is not legally binding. However, it is important because it is usually accompanied by a confidentiality agreement preventing the parties from pursuing other offers during negotiations. The LOI summarizes the understanding reached so far between parties and indicates support for continuing discussions towards a final agreement.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 4

    LETTER OF INTENT, LOI

    A Letter of Intent (LOI) is a non-binding agreement which express the interest to continue with the
    next steps in a transaction such as to purchase a business. Additionally to the expression of
    interest, the document may be use for presentation of initial terms for the contemplated
    transaction.

    While the agreement is not legally binding, it is although an important part of a purchasing process
    due to its association with a confidentially agreement signed by both parties which temporarily
    forsake other offers.

    LETTER OF INTENT

    1
    After friendly consultations based on the principles of equality and mutual
    benefit,

    ....................................................................................... ('Party A’)

    and

    ....................................................................................... ('Party B')

    have agreed to execute this Letter of Intent to accord the understanding


    reached during discussions and to indicate their support for continuing
    negotiations.

    1
    1. This Letter of Intent is dated the .................. day of. ................. 20_ _

    2. Party A agrees that Party B has the product and ability to undertake transactions for
    the purpose of supplying a product to Part A. The parties agree that discussions
    between Party A and Party B have greatly advanced the understanding between the
    parties concerning the products required by Party A and the ability of Party B to
    provide the products.

    3. The parties agree to continue their discussion during ............................[period of time]


    with the aim of reaching agreement for the sale and purchase of product.

    4. A negotiation agreement would involve Party B providing proof of supply of the


    product where Party A would provide proof of payment for the purchase of the
    product in a manner to be agreed upon in .................................................

    5. The parties agree that the transaction to the Directors of each party for approval of the
    terms and conditions of the proposed transaction, shall not proceed unless such
    approval is obtained from the respective Boards.

    6. If a transaction is to be undertaken in ....................................it shall be in accordance


    with the laws of .............................................................

    7. The parties agree to meet the preformed and negotiable credit conditions of each
    party in order to establish a satisfying product, sales, purchase and delivery schedule
    of agreement.

    1
    SIGNED by: .....................................................

    On behalf of: ....................................................

    SIGNED by: .....................................................

    On behalf of: ....................................................

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