Letter of Intent template for Google Docs and Word

The first pages of the Letter of Intent template

Every page (8)

Overview

A letter of intent lets two businesses agree the shape of a deal before lawyers draft the contract. This template keeps it exact: who the parties are, what is being bought, the price and how it is paid, the conditions, the timetable, and a clear split between the clauses that bind and those that do not.

The sample is an offer by Millrace Logistics to buy Carrick Haulage for £4.8M, with a 75-day exclusivity period and a signing deadline of 22 March 2027. Replace the parties, figures and dates with your own deal, keep only the binding clauses you intend, and have a solicitor check it. It is a draft, not legal advice.

Useful for

A company offering to buy a smaller firm and wanting exclusivity while due diligence runs
A founder recording heads of terms with an investor before the share purchase agreement is drafted
Two businesses agreeing price, timetable and conditions for a partnership or lease before contracts

What's included

Cover page marked subject to contract, with the parties and date
Parties and background clauses, with definitions and authority
Transaction page with earnings chart, payment split and key figures table
Key terms: price, conditions, timetable and price adjustment
Exclusivity, confidentiality and costs written as binding clauses
Signature page with the key terms listed above the signatories

How to use it

1
Click Make a copy in Google Docs, then confirm on the Google page. The copy is saved to your own Google Drive.
2
Replace the parties, date and background with the facts of your deal, then update the price, payment split and timetable.
3
List each condition to proceed, who must meet it and by when, and set the exclusivity, confidentiality and expiry dates.
4
Ask a solicitor to confirm which clauses are binding and which law applies, then correct the draft.
5
Delete the Make it yours page, then share the letter for signature.

What you need

Requirements

A Google account with access to Google Drive

Works with

Google Docs
Microsoft Word (download the .docx)

Questions

Is a letter of intent legally binding?

Mostly not. Price and timetable are intentions, while exclusivity, confidentiality, costs and governing law are usually binding. Ask a solicitor to confirm before anyone signs.

Is this letter of intent template free?

Yes. Make a copy in Google Docs and it is yours to edit, with no sign-up here and no cost.

Is the sample content real?

No. Millrace Logistics, Carrick Haulage, the people and every figure are fictional and made up for the example. Replace them with your own before you share it.

#letter-of-intent
#heads-of-terms
#non-binding-agreement
#business-purchase
#exclusivity
#google-docs

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