Acquisition
Customized Agreements
Letter of Intent
Record a controlled preliminary proposal for a business or asset transaction, including buyer and seller facts, transaction structure, price, scope, diligence, closing expectations, expenses, and selected limited binding terms while preserving the nonbinding status of definitive transaction obligations.
Also called: business letter of intent, acquisition letter of intent, asset purchase letter of intent.
What you walk away with
A clean multi-page PDF and DOCX after you finish — not a web-form dump. Preview the document before you pay.
- PDF export
- DOCX export
- E-sign included
- No subscription
This document records customer-supplied facts and controlled selections. It is not legal, tax, securities, licensing, or transferability advice.
Jurisdiction details
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Choose the state where the document will be used. The state page shows the maintained coverage level, local-rule limits, and a builder link with the canonical state code already selected.
When this fits
Use this document when…
- Preliminary business acquisitions
- Asset-sale negotiations
- Diligence and closing planning
- Recording limited preliminary commitments
Before you start
Information you will need
- Buyer and seller details
- Transaction structure
- Price and deposit
- Scope and liabilities
- Diligence and closing targets
- Binding confidentiality or exclusivity choices
What you receive
- Completed Letter of Intent in PDF format
- Editable DOCX agreement
- Electronic-signature-ready signature blocks
- Controlled binding and nonbinding section treatment
Document questions
Questions about this document
What is a Letter of Intent?
Record a controlled preliminary proposal for a business or asset transaction, including buyer and seller facts, transaction structure, price, scope, diligence, closing expectations, expenses, and selected limited binding terms while preserving the nonbinding status of definitive transaction obligations.
How do I create a Letter of Intent?
Preliminary business acquisitions; Asset-sale negotiations; Diligence and closing planning
What should a Letter of Intent include?
Buyer and seller details; Transaction structure; Price and deposit; Scope and liabilities; Diligence and closing targets
Special situations
- Definitive transaction obligations are needed now
- Tax, securities, licensing, or assignability conclusions are required
- The parties need a fully negotiated definitive agreement
Frequently asked questions
Is the transaction binding?
The proposed transaction terms are nonbinding unless a specifically selected limited provision is identified as binding. A later definitive agreement is required for definitive transaction obligations.
What does the price represent?
It records the proposed consideration supplied by the parties.
What is diligence?
It records the factual review process selected by the parties.
Can exclusivity be selected?
Yes, as a controlled limited binding choice.
Is this legal advice?
No. Review with counsel of your choice.
Related documents
Not legal advice
Locke Direct helps structure documents and workflows. It does not replace a qualified lawyer for complex, unusual, or high-risk situations.
Last reviewed August 31, 2026.