- Home /
- Legal Forms /
- Letter of intent for business transaction
Make a letter of intent for business transaction in minutes
Clarify your intentions so you can work toward a final deal with a letter of intent.Create now
Why use our help with legal forms? A million reasons
A successful track record
Almost two million businesses have trusted us to help get them started, and millions have let us help them grow, no matter what shape or size.
Our carefully prepared questionnaires take out the guess work. Your answers fill in the forms easily and correctly, the first time.
Real, live support
We have customer support specialists just a phone call away to help steer you in the right direction.
Here's the info you'll need to have handy to complete your doc:
Who it's coming from
Determine if a business or individual is sending the doc and have the name and contact info ready.
Who it's going to
Know who this doc is going to and have the individual or business name and contact info ready. If it's a business, make sure you know the business type (LLC, corporation, etc.).
Which state will govern it
Specify a state so it's clear what laws apply to the document.
Have the basic terms of your deal ready.
What's a Letter of Intent for Business Transaction?
Buying or selling a business? Renting equipment? Or maybe you want to sell assets or start a joint venture? In the process of negotiating, you may choose to put an initial offer and some general terms into writing. This is where a letter of intent comes in. Its purpose is to set out the basic terms of a business proposal, which can include price, asset descriptions, limitations, and closing conditions. The parties can then do business from a consensus point that will hopefully end with a signed deal.