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A letter of intent (LOI) lets two parties put a proposed deal's key terms in writing before investing the time and expense of negotiating a full, definitive agreement — it signals serious intent without committing either side to close.
This generator builds a complete letter of intent with both parties' details, a description of the proposed transaction, key terms, and a target closing date, ready to download as a PDF.
How it works
Enter both parties' names and addresses, describe the proposed transaction and its key terms, then set a target closing date and an expiration date for the letter itself. You can optionally mark specific provisions (like confidentiality) as binding even though the letter as a whole is not.
- Enter both parties' names and addresses.
- Describe the proposed transaction and its key terms.
- Set the target closing date and expiration date.
- Generate the letter of intent and download the signature-ready PDF.
Examples
An asset purchase LOI
A letter of intent between a buyer and seller outlining a proposed asset purchase at a $500,000 purchase price, targeting a closing date of June 1 and expiring July 1 if a definitive agreement isn't signed by then.
Who should use it
- Outlining the key terms of a proposed business acquisition or asset purchase.
- Signaling serious intent to a landlord, investor, or partner before full negotiation.
Industry applications
- Mergers and acquisitions
- Commercial real estate transactions
Advantages
- Puts key deal terms in writing early, before the expense of full negotiation.
- Supports marking specific provisions as binding while keeping the rest non-binding.
Limitations
- A template only — high-value or complex transactions should have a lawyer review the final document.
Common mistakes to avoid
- Assuming the entire letter is non-binding without carefully specifying which provisions (if any) are meant to be binding.
- Leaving out an expiration date, which can leave a proposed deal in limbo indefinitely.
Best practices
- Clearly separate non-binding intent language from any provisions you do want to be binding, such as confidentiality or exclusivity.
- Set a realistic target closing date and a firm expiration date so the letter doesn't linger past its usefulness.
Tips
- If exclusivity matters to you (i.e., the other party won't negotiate with anyone else during this period), make sure it's explicitly listed as a binding provision — don't assume it's implied.