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Letter of Intent

Letter of Intent – Project

Business Letter

Dear …

RE: Letter of Intent – (Name and location of Project)

We are pleased to submit this Letter of Intent regarding the appointment of __(name of person/company)__ to __(type of role that company will play)__ in the __(name of project)__ project.

Further to our discussions of recent, both parties to this Letter of Intent will endeavor to finalize and execute a formal agreement, which shall include the terms as outlined in our preliminary agreement __(below/enclosed)__, and such other provisions as may be mutually agreed upon. Kindly refer to the preliminary terms of agreement __(below/in the ‘document name’ enclosed) __.

(list & describe here, the preliminary terms agreed upon - if not already included in an enclosed document)

Example: Terms of Agreement

1) Specifications of the Project

………………....(brief description under each heading)

2) Due Diligence

………………....

3) Price & Payment Terms

………………....

4) Assumed Liabilities

………………....

5) Environmental Issues

………………....

6) Licenses and Inspections

………………....

7) Representations and Warrantees

………………....

Pending the formal agreement, please allow this Letter of Intent to serve as our express permission to __(name of person/company)__ to proceed with this project in accordance with the terms __(as listed above/included in the enclosed ’document name’ )__ . As your acceptance of our agreement, we ask that you date, sign and return one copy of this Letter of Intent to our office. Please find enclosed our check in the amount of __($__)__ as the deposit agreed upon to start this project. We are looking forward to working with you __(and your associates/company)__ and are very anxious to get started.

We look forward to hearing from you soon.



Sincerely,

__(name)__

__(Title)__

__(Company name)__

Accepted this ____ day of ___________, [year]

X___________________________________

(authorized signature)

____________________________________

(Print Name)

_________________________________________________

(Company Name)


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