A letter of intent (sometimes referred to as a letter of interest) outlines the intent of one party relative to another.
In business, a letter of intent is commonly used as an initial proposal to the other party.
Remember, most of the provisions are not binding and are a starting point for negotiations.
We hereby submit a letter of intent to purchase your business Rain Gutters R Us, its inventory and other assets.
We would acquire Rain Gutters R Us including its facilities located at 123 Anywhere Street, its logo, brand, brand equity and customer lists. As part of this letter of intent, we would require that you cease shopping for other buyers for a period no less than 60 days to provide us time to complete due diligence and finalize the agreement.


If we are selected as a prospective buyer, we anticipate that from the selection date to the closing will take no more than 45 days.
I wanted to confirm to you in writing my intent to accept the football scholarship offered to me by Awesome University. Please send me information that will help me get ready for the season including information about enrollment, housing and training.
Sample Letter of Intent for Acquisition - iastate.edu - This one includes various legal provisions. Sample Letter of Intent for Graduate School - nyc.gov - Example of how to write a letter of intent to attend graduate school (submitted along with the graduate school application). About the National Letter of Intent (NLI) - ncaa.org - An NLI is used to prohibit other schools from recruiting a student that has signed a letter of intent to accept a scholarship at a specific school.


Disclaimer: The content on this page is intended for educational use and not to be construed as legal or professional advice. These types of letters can be used in a variety of situations including business negotiations, to signal the intent to purchase real estate or by recipients of scholarships or college admissions to indicate the intent to accept a formal offer.
Continue reading below, where you will find two different sample letters of intent as well as additional tips and resources. All of the terms and conditions of the proposed transaction would be stated in the Purchase Agreement, to be negotiated, agreed and executed by both parties.



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