How To Write A Letter Of Intent For A Sorority – A letter of intent (LOI) is a short non-binding agreement that precedes a binding contract, such as a share purchase agreement or asset purchase agreement (defining agreement). There are certain provisions, which are mandatory, such as non-disclosure, exclusivity and governance rules
Letters of intent are often produced by investment bankers on behalf of corporate issuers. Below is an example of an LOI template
How To Write A Letter Of Intent For A Sorority
Note: This Letter of Intent (LOI) template is for educational purposes only and should not be used for any other purpose.
Letter Of Intent Templates For Nonprofits: The Ultimate Collection
TARGET NAME Inc. We are writing to issue a letter from our name (“Short Name”) regarding a transaction (“Transaction”) with (“TARGET NAME” or “COMPANY”). We appreciate the time and energy you and your team have given us in discussing this opportunity and the information provided thus far
As we continue to spend time evaluating the TARGET name, we believe our name will bring unique value and capabilities to the company, accelerating the development and growth of the TARGET name. We believe that by doing X, Y, and Z, we can drive TARGET’s growth strategy
Based on our preliminary review of the information provided and in accordance with the terms set forth below, we are pleased to submit this non-binding letter of intent (the “Proposal”) to transact in the name of TARGET. We propose to purchase 100% of the company’s equity, including all assets and liabilities, so that TARGET NAME can be reversed in the future.
We believe that our interests must be aligned for this transaction to be successful With this in mind, we have designed a compensation structure that allows all parties to benefit equally from our future success.
Free Letter Of Intent Templates & Samples [word, Pdf]
Given the importance of time for TARGET NAME in relation to this transaction, we have proposed a high-level timeframe as follows:
This transaction is of the highest priority to us, and we are ready to proceed as soon as possible; That same commitment is important to us before we spend additional time and resources pursuing this opportunity We have developed an investment thesis and an understanding of the business through our initial due diligence, including numerous conversations with management, and preliminary data reviews. We anticipate that our due diligence will include, but not be limited to, traditional legal, tax and regulatory duties, including commercial, accounting and financial due diligence. With the Company’s full cooperation, we believe we can quickly complete our due diligence and present the TARGET name with a definitive agreement within eight weeks from the date of receipt of our proposal.
If the Company is interested in pursuing the proposed transaction, we will require a sixty-day exclusivity period (the “Exclusivity Period”) to complete our due diligence and negotiate certain documentation, subject to a 60-day extension if our name is acting in good faith. To terminate the transaction on the early termination date Given the premium value of our proposition, we believe that granting exclusivity at this stage would be beneficial to the project and its stakeholders. To complete our due diligence and secure additional necessary capital, we will need reasonable access to company information and the ability to share that information with our prospective equity partners and debt financing sources that protect the confidentiality of your information and a draft of our negotiating exclusivity and confidentiality agreement. The form is attached for your consideration as Exhibit A (“Exclusivity and Confidentiality Agreement”). We emphasize our desire to complete the proposed transaction in an expeditious and efficient manner and our readiness to mobilize resources to move forward quickly. To that end, and assuming we sign this letter in advance, we will recommend an organizational meeting as soon as possible to agree on a plan of action during the exclusivity period.
This non-binding indication of interest is confidential and may not be disclosed on an as-needed basis other than to you, the Company and its advisors. It is not intended and shall not be deemed to create any binding obligation on our behalf, or any of its affiliated companies, to engage in any transaction with the Company or to further the consideration of such transaction. Subject to the immediately following sentence, neither party shall be bound in any way with respect to this letter unless and until the parties execute a specific agreement, and shall then be bound only by that agreement. Notwithstanding anything to the contrary in this letter, the Exclusivity and Confidentiality Agreement, once executed by the parties, shall be binding on the parties.
How To Write A Letter Of Intent (with Examples And Tips)
We are very excited about the potential opportunities and hope that you are interested in moving forward in a constructive and accelerated dialogue. We look forward to working with you to complete this transaction
Note: This Letter of Intent (LOI) template is for educational purposes only and should not be used for any other purpose.
Drafting a Letter of Intent (LOI) is an important skill for professionals in investment banking, private equity and corporate development.
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