FREE 10+ Business Letter Of Intent Samples in MS Word | Pages | Google Docs | MS Outlook | PDF

As a small business, you’ll need to find ways to grow and become more successful. While loaning money from banks and lending institutions is an option, it’s probably too risky and the interest rates are high. A good option is to seek a business opportunity somewhere or in another business, just like a merger or a joint venture. For that, you’ll need a reliable business letter of intent. If you’re looking for samples, then you’ve come to the right place. This article includes professional letter of intent samples and some useful information about a letter of intent.

FREE 10+ Business Letter Of Intent Samples

1. Letter of Intent Acquisition of Business

2. Free Letter Template of Intent for Business

3. Free Letter Of Intent For Business Proposal

4. Free Letter Of Intent For New Business

5. Free Letter Of Intent To Purchase Business

6. Sample Business Letter of Intent

7. Sample Business Letter of Intent to Rent

8. Business Letter of Intent to Supply

9. Sample Business Letter of Intent for Services

10. Business Letter of Intent Sample

11. Letter of Intent to Subcontract Template

What Is a Business Letter of Intent?

A formal letter of intent is a document used by a business entity to express or show their interest in doing business with another. The document is commonly used in many business transactions in outlining key terms of a prospective deal. It’s almost like a proposal sample except that it in the form of a letter. A letter of intent for business partnership aims to announce the nature of a deal, protect the parties involved, and clarify the key terms to be negotiated.

How to Write a Business Letter of Intent

Here’s are simple steps to guide you with writing a business format letter of intent.

1. Write a Good Introduction

Why is a good introduction necessary? You want to get the attention of your reader, so you need to make things interesting at the start. For example, when writing an introduction for a letter of intent for a startup business, you’ll need to state your purpose and a description of the transaction. It is also important to include the names and roles of the parties involved.

2. Provide the Transaction Details and Timeframes

This is the section of your letter where you provide the details of the business deal you are joining and the possible pricing for any purchase. Timeframes about future negotiations can also be added. However, you need to take note that the details may be subject to change.

3. State That It Is a Nonbinding Agreement

Include a list of contingencies, due diligence, and details on covenants and other binding agreements. But make sure to state that your intention to do business is not a legally binding agreement. It’s more like an introduction to the future negotiations you will be doing.

4. Provide a Closing Date

The closing date will serve as a deadline for the transaction. If the deal has not concluded on the closing date, then the transaction and the letter of intent will be terminated.

FAQs

Perhaps the best business letter of intent to make is one that is short and straightforward. You’ll be missing a lot of important details in your letter, but you can always discuss those details during future negotiations. What matters is a clear expression of your commitment to do business.