Letter of Intent
A letter of intent is a preliminary written document outlining the proposed terms of a prospective transaction, such as a sale, partnership, or real estate deal, before a binding definitive agreement is negotiated. Use this when you and a counterparty have reached a preliminary understanding on a business sale, partnership, real estate deal, or similar transaction and want to record the proposed terms in writing before a definitive agreement is negotiated — with binding confidentiality and exclusivity built in.
What's included
A ready-to-use letter of intent with signature fields already placed for Party A and Party B. Fill in the bracketed details (like [Company Name] or [Date]) using Docracy's built-in text editor, then send it out for signature.
This is a general template for informational purposes only and does not constitute legal advice. Consult a qualified attorney to review it for your specific situation and jurisdiction before use.
Key clauses
- Overview of the proposed transaction
- Key proposed terms (price, structure, timeline)
- Confidentiality obligations
- Exclusivity or no-shop period
- Statement of non-binding intent, except specified sections
- Expiration date of the letter
What you'll fill in
[Party A Name][Party B Name][Description of Proposed Transaction][Proposed Purchase Price/Terms][Exclusivity Period][Target Closing Date][Letter Expiration Date]Legal summary
Signing a letter of intent records a shared understanding of proposed deal terms and typically makes only specific sections, such as confidentiality and exclusivity, legally binding, while the core transaction terms remain non-binding until a definitive agreement is signed. It signals serious intent to negotiate but does not by itself obligate either party to complete the deal.
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.
FAQ
Is this Letter of Intent legally binding?
Signing through Docracy uses a simple electronic signature (SES), which is legally recognized for everyday business agreements under laws like the U.S. ESIGN Act and the EU's eIDAS regulation. This is a general template, not legal advice — for high-stakes or regulated agreements, have a qualified attorney review it for your situation.
Who needs to sign this Letter of Intent?
This template includes signature fields for Party A and Party B — already placed, so you just fill in the details and send.
Can I edit this Letter of Intent before sending it?
Yes — Docracy's editor lets you edit the text, add or remove signature fields, redact sections, and reorder pages before you send it.
Do I need an account to send this Letter of Intent?
No — it's free for up to 2 signers with no account required. Create a free account only if you want to save it to a dashboard or reuse it later.
Try it with an AI assistant
Paste one of these into ChatGPT, Claude, or your assistant of choice:
“Generate a filled Letter of Intent using this template for the proposed sale of a small business.”
“Explain which parts of a letter of intent are actually binding versus non-binding.”
“Adapt this Letter of Intent for a commercial real estate purchase negotiation.”
Why teams start with Docracy
“Docracy is a great product that I have tested and am using. It is easy to use, has good tools, is always up to date, and implements new features. Highly recommended.”— DACH Advisory
Free for up to 2 signers, no account required. Need unlimited? Flat $10/month.