Letter of Intent (LOI)
Clear. Strategic. Legally Sound.
4.8 (91 reviews)
Last Updated: June 2025
What is a Letter of Intent (LOI)?
A Letter of Intent (LOI) is a formal document that outlines the preliminary terms of a business deal or transaction — such as a partnership, investment, acquisition, or service engagement — before final agreements are signed.
It sets the foundation for trust and alignment by clearly stating intentions, key terms, and whether the LOI is binding or non-binding.
LOIs are ideal for startups, investors, freelancers, and business owners entering serious discussions but not yet ready to commit to a full contract.
📜 Service Description
A Vakilify-drafted LOI typically includes:
Parties Involved – Names and roles of each party
Purpose of LOI – Investment, partnership, sale, or service agreement
Key Terms – Scope, timeline, deliverables, and expectations
Confidentiality Clause – Optional NDA-type provision
Binding vs. Non-Binding Nature – Clear definition of enforceability
Next Steps – Target date for final agreement or due diligence
Termination Clause – How and when the LOI can be withdrawn
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Letter of Intent (LOI)
🏛 Legal Validity of LOI in India
Your LOI will comply with:
Indian Contract Act, 1872
IT Act, 2000 (for digital execution)
Optional: Stamping (if partially binding)
Optional: NDA integration for confidentiality
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