The letter of intent is a legal document that outlines the agreement between various parties for specific reasons. These are essentially used by different companies for purposes such as merging, or hiring other companies for a particular service etc. The template for such a letter needs careful structuring and it is advisable to consult a legal expert for such formulations. The lineation for such a letter varies according to the jurisdiction concerned. However, a few essential points are to be kept in mind:
- The information regarding the parties concerned needs to be mentioned and there must be proper space provided for this. This will also contain the official company logo of all the parties concerned.
- The specific agreement clauses will require specific segregation depending on the subject matter. Ample divisions must be made so that these can be arranged chronologically.
- The signatures of the parties and the lawyer are required for which room will be provided towards the end.