Products tagged with 'memorandum of understanding'

If you need to move forward with certain aspects of a transaction, such as financing, before the deal is finalized, you can put a letter of intent in place. Write one up with this template for use in the U.S.

• A letter of intent is not a legal contract, except for specific clauses such as the confidentiality provisions.
• The LOI summarizes the terms that have been negotiated and indicates the parties' intention to finalize the transaction. This provides a level of security to lenders or investors who are funding the deal.
• The parties agree to negotiate exclusively with each other and not consider or accept any other offers while the letter of intent is in effect.
• Available in MS Word format.
• Intended to be used within the United States.