| name | letter-of-intent |
| title | Letter of Intent (LOI) |
| description | Drafts corporate Letters of Intent for M&A and business transactions, structuring binding vs. non-binding provisions, deal terms, exclusivity, and confidentiality. Use when drafting LOIs, preliminary term sheets, deal memoranda, or pre-definitive agreement correspondence. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/letter-of-intent |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | corporate |
| language | en |
Letter of Intent (LOI)
Formalizes preliminary deal terms between parties contemplating a corporate transaction, balancing binding and non-binding provisions. Targets U.S. transactions — flag cross-border elements for additional counsel review.
Prerequisites
Gather before drafting. Ask focused questions for any missing items.
- Parties — legal names, entity types, authorized signatories
- Transaction type — acquisition, merger, asset purchase, investment, partnership
- Economics — price/amount, payment structure, timing
- Timeline — due diligence period, target closing, exclusivity duration
- Contingencies — financing, regulatory approvals, third-party consents
- Prior documents — term sheets, correspondence, NDAs (if any)
Document Sections
| Section | Content |
|---|
| Header | Date, recipient, subject: "Letter of Intent – Proposed [Transaction Type]" |
| Opening | Party identification, transaction purpose, deal description |
| Transaction Overview | Assets/equity/units involved, deal structure |
| Principal Terms | See checklist below |
| Binding/Non-Binding Designation | Explicit non-binding statement with binding carve-outs |
| Confidentiality | Standalone provision or NDA cross-reference |
| Exclusivity | No-shop period, scope, duration, breach consequences |
| Governing Provisions | Governing law, good-faith obligation, termination/expiration |
| Signature Blocks | Authorized reps, titles, counterpart/e-signature authorization |
Principal Terms Checklist
Draft with enough specificity to show serious intent; note definitive agreements will elaborate.
