This is a general-purpose template, not legal advice.
What is a letter of intent template?
A letter of intent template is a starting point for a document that puts the key terms of a deal in writing before a full contract is ready. It's used when two parties have already agreed on the basics — buying a small business, renting commercial space, forming a partnership, or signing a large consulting engagement — and want something on paper right away instead of waiting weeks for a lawyer-drafted agreement.
Most letters of intent stay non-binding on the core deal terms (price, timeline, scope) while making a few specific clauses binding — usually exclusivity (the seller agrees not to shop the deal elsewhere) and confidentiality (neither side discusses the details publicly). Getting that split right is the part people get wrong most often: sign the whole letter as binding, and you may have accidentally committed to a deal before due diligence is done.
Binding vs. non-binding clauses
This generator lets you mark individual clauses — exclusivity, confidentiality, and the deal terms themselves — as binding or non-binding, instead of leaving the whole document in a legal gray area. The rest of the letter reads as a good-faith statement of intent: both sides show they're serious and move toward a real contract, without either side over-committing legally before due diligence.
How to use this letter of intent generator
Pick a deal type. Choose Business Sale, Commercial Lease, Partnership, or Consulting Engagement. Each preset pre-fills the fields that matter for that deal — purchase price and due diligence period for a sale, rent and lease term for a lease.
Add both parties. Enter the legal name and address for each side. Use full legal names, not nicknames — this is the document that shows who is actually agreeing to what.
Describe the deal. Fill in the subject of the agreement, the price or key terms, and a target date to sign the final contract.
Set your binding clauses. Toggle exclusivity and confidentiality on if you want them to carry legal weight while the rest stays non-binding. Add an expiration date so the offer doesn't sit open indefinitely.
Preview and download. The letter updates as you type. When it's ready, download the PDF to send for signature. When the deal moves forward, use our Purchase Order Generator or Freelance Contract Generator to draft the full agreement.
This generator creates a template for general use — it is not legal advice. Have a lawyer review the final document for high-value or complex deals.