📃 Letter of Intent
A letter of intent is a document that establishes the intent of the parties to enter into a contract. It sets forth the material terms and conditions of the proposed agreement, and is used to gauge the willingness of the parties to move forward with the transaction. A letter of intent is not a binding contract, but may be used as evidence of the parties' intent in the event of a dispute.
Note: Working on a legal issue?
Associated business activities
Send a letter of intent
A Letter of Intent is a first step when purchasing a business, outlining key terms of the proposed transaction.
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make 
edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
