letter-of-intent-loi

name	letter-of-intent-loi
title	Letter of Intent (LOI)
description	Drafts U.S. corporate transaction Letters of Intent (LOI) for mergers, acquisitions, investments, and strategic alliances. Separates non-binding intent from enforceable obligations and defines deal structure, key economics, and closing path. Use when converting deal terms into a preliminary transaction document. Trigger keywords: "LOI", "letter of intent", "M&A LOI", "merger term sheet", "no-shop", "exclusivity", "deal letter".
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/letter-of-intent-loi
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	corporate
language	en

Letter of Intent (LOI)

Drafts a transaction LOI that advances execution while preserving negotiating flexibility. Default posture: non-binding except explicitly designated provisions.

Prerequisites

1. Party identities, entity forms, and governing jurisdictions.
2. Transaction type and structure (asset sale, stock sale, merger, investment, JV, option).
3. Agreed economics: price, payment schedule, earn-outs, escrows, caps.
4. Timeline: signing target, exclusivity window, diligence period, closing date.
5. Conditions precedent and responsibility allocation (regulatory, financing, consents).
6. Binding vs non-binding designation for each term set.
7. Known constraints: antitrust, sector regulations, board/lender approvals.

Output Structure / Process

Produce an audit-ready LOI in business-letter format using this sequence.

1) Intake Validation

• Party names and addresses complete.
• Transaction purpose stated in one unambiguous sentence.
• Economic terms fully defined and internally consistent.
• Timeline mapped to conditions precedent.
• Definitive documents identified (SPA, merger agreement, ancillaries).
• Binding clause set explicitly chosen by user.
• Governing law and jurisdictional basis confirmed.

2) Clause Matrix

Section	Required?	Binding?
Date / Parties / Purpose	Yes	Non-binding
Transaction Overview	Yes	Non-binding
Principal Terms (price, structure, adjustments)	Yes	Non-binding unless stated
Conditions Precedent	Yes	Non-binding
Definitive Agreement Process	Yes	Mixed
Exclusivity / No-Shop	Optional	Usually binding
Confidentiality	Optional/Yes	Usually binding