Letter of Intent Template
A letter of intent (LOI) sets out the key terms the parties intend to agree, signalling commitment while the full contract is negotiated. Most terms are non-binding, but some, like confidentiality, can bind.
What this letter of intent covers
- The proposed transaction
- Key commercial terms
- Which terms are binding
- Exclusivity and confidentiality
- Next steps and timeline
When you need a letter of intent
- Starting negotiations on a deal
- Signalling serious intent
- Agreeing a framework before the full contract
The legal framework
Understanding the law behind a letter of intent helps you use it well. Here is the key UK legislation that applies:
Frequently asked questions
Is a letter of intent binding?
Usually mostly non-binding, but specific clauses such as confidentiality and exclusivity are often drafted to bind.
Why use one?
It builds momentum and clarity before the parties invest in negotiating a full agreement.
How Legal Lift helps
Answer a few plain-English questions and our AI generator produces a tailored letter of intent, ready to edit, download as PDF or Word. Every template is kept current with UK law, and our SRA-regulated solicitor partners are available if you'd like it reviewed.