What's your company name?
Use the legal name of your business. If you're signing as an individual, put your full name instead.
Create a letter of intent
Generate a free letter of intent online. Record the deal you intend to do, keep the commercial terms non-binding, bind the confidentiality, then preview your document and refine it with AI.
You
What type of party are you?
In most cases pick Corporation or LLC if you have a company. Choose Individual if you're signing as yourself.
Will you be signing this LOI?
Choose Yes if you'll sign in the editor yourself. Choose No if someone else on your side will sign.
What's your full name for the signature block?
This is how your name will appear as the signatory for your party.
What's your title?
A simple title like Founder or Owner is fine.
What's your address?
Usually your business address, or your home address if you're signing as an individual.
What's the email for your party's signer?
We'll use this when you send the document so they can complete their signature.
Them
What's their company name?
Use the legal name of their business. If they're an individual, put their full name instead.
What type of party are they?
In most cases this matches how they operate: Corporation, LLC, or Individual.
Who will sign for them?
If you only know one contact, use that name for now. You can update it later.
What's their title?
In most cases this is CEO, Founder, General Counsel, or another authorized role.
What's their address?
Usually their principal business address. Approximate is okay if you don't have every detail yet.
What's their email address?
We'll use this as the counterparty recipient when you send the LOI for signature.
Agreement
What kind of deal is this LOI about?
This sets how the two sides are named throughout the document and what the key terms section asks for.
Which side are you?
The proposing side is the one putting the deal forward. It only affects how each party is named.
What are you intending to do together?
Describe the deal in plain English. This is the heart of the LOI and what the definitive agreement will build on.
What are the key commercial terms so far?
Pricing, fees, investment amount, or whatever the number is. Write what you have agreed in principle, not what is still open.
When do you expect this to start?
The launch, closing, or kickoff date the parties are working towards. An approximate date is fine.
How long should the parties have to sign a definitive agreement?
A deadline keeps the LOI from lingering. It expires on its own if nothing is signed by then.
How should confidentiality work?
This is the part of the LOI that actually binds you. Choose mutual unless only one side is sharing sensitive information.
When did you sign that NDA?
Pick the date on the existing non-disclosure agreement.
When should the agreement take effect?
Most LOIs start today. Choose a custom date if you need a different effective date.
What is the effective date?
Pick the date the LOI should begin.
Which state's law should govern?
Usually the state where your company is formed or where you do business. Delaware is common for US companies.
Which jurisdiction?
Name the country or region whose law should apply.
Do you require any advanced terms?
Things like exclusivity, who pays negotiation costs, sharing the LOI with investors, or other custom terms.
Advanced
Include a binding exclusivity period?
Stops the other side shopping the deal while you negotiate. This is binding, so keep the window short.
How long should exclusivity last?
Thirty days is the usual window for a commercial deal.
May either side show this LOI to investors or acquirers?
Common carve-out so a startup can show traction during fundraising or a sale process.
Say who pays negotiation costs?
Adds a binding clause confirming each side covers its own legal and advisory fees.
How should disputes be resolved?
Litigation means court. Arbitration is private. In most cases litigation is fine unless you prefer arbitration.
Anything else to include?
Optional. Describe it in your own words. AI will draft the legal wording from what you write here.
Preview
What would you like to name the file?
This becomes the downloaded document name. You can change it later if needed.
Contract creator
Letter of Intent
Outline preliminary deal terms and intent before negotiating a definitive agreement.
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Modified from Common Paper standard terms. Common Paper standards