This letter of intent outlines the agreement between {Organization A} and {Organization B} regarding the joint venture of {Joint Venture}. Nothing forthwith shall be considered legally binding to either party until it is documented in a formal written contract signed by both parties.
- {Joint Venture} will begin {date} through {date} for the purpose of {purpose}.
- {Organization A} will provide {amount} {funding/materials/equipment/labor}.
- {Organization B} will provide {amount} {funding/materials/equipment/labor}.
- Both parties agree to {licensing/certifications}.
- Both parties are granted the right to perform due diligence to ensure {licensing/funding/certifications} in the other party and will cooperate fully with each other in the process.
- {Organization A} will own {amount} of the joint venture and receive {amount} of {profits/royalties/stocks/etc.}
- {Organization B} will own {amount} of the joint venture and receive {amount} of {profits/royalties/stocks/etc.}
- All disputes will be addressed through {mediation type}.
Thank you for your careful consideration and agreement to this understanding. We're looking forward to working with you.
Download this letter of intent — free!
Formatted and ready to use with Microsoft Word, Google Docs, or any other word processor that can open the .DOC file format.
Index of Letter of Intent Examples
