Letter of Intent (LoI)

Key points and template

Approovd helps you to create a legally compliant letter of intent (LoI) easily and in just a few minutes. For only CHF 89 per document.
Key Points Included in this Letter of Intent
  • Description of the main terms of the intended business relationship, including the main contractual, legal, and price aspects
  • Confidentiality covenants for all information exchanged during the negotiations and how long the information will have to be kept secret
  • Whether the parties are restricted from talking with other organizations about the same business (exclusivity) and, if so, for how long
  • Whether the parties are restricted from soliciting the other party’s employees
  • Any conditions or authorizations required to complete the intended project
Use this Letter of Intent if …

… you are about to negotiate an important business and wish to set some ground rules for the negotiations

… you want to secure your interest in an important business and want to restrict your potential partner from negotiating with others

… you have already reached an understanding on the main business terms and want to lay them down in writing

What is a Letter of Intent?

A letter of intent or “LoI” is a document outlining the understanding between two or more parties on how they will conduct negotiations and what they will negotiate.

The parties express their interest in entering into a business relationship that a final, yet-to-be-negotiated agreement will govern. A major advantage of using LoIs is that they enable the parties to define the procedural rules applicable to the negotiations (for example exclusivity, timeframe, or confidentiality) in a binding manner, whereby the most important conditions for the intended agreement are described in an indicative manner.

Defining a content-related and formal framework for the negotiations accelerates the process until a binding agreement is signed.

All our templates have been checked and validated by renowned Swiss lawyers. They are constantly updated according to legal practice.
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