Letter of Intent Example

Writing a Letter of Intent (LOI) is important to secure a deal or company. It often goes hand in hand with paying a deposit or providing a bank warranty.

How to write a letter of intent to purchase a business?

• Honest reflection: Take some time to genuinely reflect on why you want to work with that company? What will you gain? And do you see yourself working for that company for the long term?
• Research: Gather information about the prospect company that you want to apply. 
• Outline: Outline on paper the qualities about yourself — academic, personal, and professional that make you a solid candidate, and skills and passions will you give.
• Review: It’s best if you can have two or three critics look it over and give you feedback.
• Finalize and send: Finally, you can submit your letter of intent 

A letter of intent is a serious message that states the intention of a person or business. It is a more studied document, a sample of your productive, well-organized process. Be as specific as possible about why this particular program is the right one. Describe how your background led you to the next step, and how your background qualifies you. Pay attention to detail and follow the deadlines.

Letter of intent to purchase a business:

We hereby submit a letter of intent to purchase your business {{Organization}}, its inventory, and other assets. We envisage that the principal terms of the proposed transactions would be substantial as follows. We would acquire {{Organization}} including its facilities located at {{Street}}, its logo, brand, brand equity, and customer lists. Furthermore, we would acquire all office and field equipment and inventory. As part of the deal, we would assume the current outstanding debt of $50,000.

As consideration for this, we would provide compensation of $ as follows:

3. Balance in equal payments paid monthly the first 6 months after closing.

As part of this letter of intent, we would require that you cease shopping for other buyers for a period of no less than 60 days to provide us time to complete due diligence and finalize the agreement. We would also require that you not disclose our intent to purchase until after the purchase agreement has been completed and we can issue a joint press release. This letter is not an official purchase agreement. All o...

With some time and focus, you can make your letter of intent an effective piece of the package that not only highlights but also sells, your academic and professional potential.  Download this example LOI for purchasing a business.