Letter of Intent
A Letter of Intent (LOI) is a document signed between two parties when they wish to commence formal negotiations.
Last updated October 23, 2025
Suitable for Australia
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Frequently asked questions
Use this Letter of Intent If:
- You wish to establish the basic terms to be used in a future agreement between parties
- You want to commence formal negotiation with another party
What does this Letter of Intent Cover?
- Acknowledgement of limitations
- Timescale
- Notice of termination
- Primary obligations
- Confidentiality
- Costs
- Additional agreements
- Rights and remedies
- Governing law
- Commencement
View Sample Letter of Intent
The Legal Risk Score of a Letter of Intent Template is Low
Our legal team have marked this document as low risk considering:
- The document outlines that the terms within the Letter of Intent are not intended to be legally binding except where explicitly stated, which implies there is a risk that commitments made during this stage might not be enforceable.
- Each party bears its own costs related to the negotiation and drafting of the Proposed Agreement, regardless of whether the agreement proceeds, which could result in financial loss if the agreement does not materialize.
- The Letter of Intent includes a clause that allows either party to terminate negotiations at any time without explanation, which introduces uncertainty and the potential for abrupt cessation of discussions without recourse.
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