A letter of Intent is normally done when there is a deal between two business parties. It is a specific document before finalized the deal. It may be the Lease agreement, real estate agreement, Coworking agreement, and many more Legal things.
A business letter of Intent is needed whenever the deal is finalized. It can be anything like merging the companies, Product Price, signing a deal that will give you the profit for your company. Likewise, this Letter of Intent business is very much important in corporate life. Let’s see some business templates of the Intent Letter.
Proposal Letter For the Partnership
12, Manish Nagar
Warna Soft ram Nagar,
Respected Arun Sir,
The purpose of the XYZ organization is to make the business deal with WarnaSoft Company. It will be a great opportunity for us to work with your company.
We have heard your Company name for developing the apps. So it would be great if your company will help us in developing an app for our company.
XYZ Organization is a nonprofit organization with its main motto is to give education online to the students. The details of our organization I have attached in the PDF form. Hope warna soft will help us to make an app for this purpose.
Your generous help us to develop a sustainable growth plan. We look forward to having a meeting with you to know about our organization as well as we can discuss the deal with your company.
Business Developer of XYZ Organization
We only mentioned the purpose of making this deal. The letter of intent, it used to make more deals, connections with the other companies. Hence it plays an important role in the business.
Let see why it is important
- Because it keeps the record of initial business meeting’s purpose
- If you want to proceed the deal with an organization that will also include in the letter of the intent.
It serves the three purpose first is to send the proposal to have a deal with the business party. Second to sign the agreement and share the confidential information that binds between the two companies. And third is to proceed with the deal if the deal is giving some profit to the company. In the whole document whole terms and conditions, Product Price, Asset Details, Some confidential details as well as a progress record of the initial business meet up.
How to write the business letter of intent
Few things are necessary while writing the Letter of Intent
Give Introduction about yourself
In this manner, the introduction should be mentioned in the first paragraph.
Purpose of writing the Intent Letter
You should know why you are writing the letter what is the purpose behind it. How your knowledge will help them. Which things motivate you to work with them. In this para don’t shy what you want to say just say it.
Request for the response
Express how much you are interested to work with them. So that they will know it. Then mentioned your correct address as well as your contact no.
After knowing how to write the Intent letter. While writing the Intent letter make sure you have to think of the micro-level. And then finalized the draft. Once you finalized the draft, then take a break before editing the draft of the intent letter. After that edit the final draft at the micro-level. If you are unable to find then check it from your friend again and again.
In this case, we have seen how to write the letter of the intent of the job application. A letter of intent plays an important role in the business letter. To finalize the business deal. In that case, also we have to introduce our organization in detail as well as the company representative needs to give their introduction in detailed words. Before Writing the Business Intent Letter you need to form terms & conditions on both the parties. The date you have to decide at which you have to sign the agreement. The period of the deal these things also needed to decide.
While writing the Business Letter of Intent following things are necessary to be noted
- Fixed the period of the deal
- Find out each detail of the company before fixing the deal
- Be confident to mention, which things you are expecting from the opposite party.
- Fixed the date at which both parties will sign the agreement.
- Be conscious while sharing confidential documents with the opposite party.
- All the terms & conditions must be mentioned in the document
Writing a good business letter it may take some time as well as effort. The above things are necessary to keep in mind while writing the business template. Here I am sharing the business template example.[Sender’s Name] [Street Address] [City, Zip code] [Date at which you are applying] [Receiver Name ] [Employee Name] [Company Name] [Street Adress] [City, Zipcode]
Respected[ Receiver Name ] or you may include [to whom it may concern ],[ 1ST Para Include :
- Introduction about the organization
- Purpose of writing the letter ]
- Additional Information: Agreement date, Period of the deal, confidential document, merging related information ]
Close the letter in a polite manner ]
Sincerely[ Signature ] [Your’s name ]
Why we need a Letter of Intent Business Template?
In the business, two persons are the main one is the buyer another is the Seller. Let us see, I would like to share an example with you all. And suppose the period of the LOI is 3 years in these three years the market price which has decided by the buyer will be the same. Now you can think that between the three years how many things will be changing. but the terms and price of LOI will be the same in these three years. If the LOI made in the 1st year if the price of the property is 100rs in that year. then after two years if the price is 300 rs. Then the buyer’s decision was wrong before making the LOI. This is the reason why the Letter of Intent for business is important.
If someone wants to end the business contract then at that time also LOI is needed.
This was one of the templates for ending the contract. In this LOI it can be useful in many ways like it keeps the track of record between two business parties.
Business template for the partnership
Dear [ Receipant Name ],
We would like to introduce our company. It is a nonprofit organization. We are giving the chance for experiential learning for the students.
Your company is famous for its soft skill development. In the city, we have heard your name. It would be a great opportunity if we will get the chance to work with you. That will help our organization. In this respect, we would like to make a partnership with your company.
If you want to know about our company, here we have attached some informative documents. Or you can visit our website to know about our work. And if you want to discuss this proposal then connect with us over the phone call as well as by email.
Thank You So much!
If it is really helpful then another party would like to extend the contract. Otherwise, they will urge their business. Likewise, this LOI is very useful.
Letter of Intent Business Template
Business Template for all types of Business
April 13, 2017
Dear Dr. Smith,
Your presence will add more value to this program. In our program we are giving you the opportunity to discuss your journey within thirty minutes in the next 20 minutes there will be a question-answer session.
We are ready to provide your accommodation facilities, As well as travel Plans.
Kindly reply as soon as possible so that we can make arrangements. For more details contact us on the given phone no as well as you can reply to the email.
Letter of Intent for the application of the Internship Program in the organization
42, Madhuban Layout
23rd July 2015
New technology, Delhi -440025
Dear Mr. Manoj Kumar,
I would like to take this golden opportunity to work as an Intern in your Organization ‘New Technology’. I have received your email regarding the Internship Offer from INTERSHALA.com. And it is one of my dream internships to work with you.
Right now I have completed my graduation and doing PG in MBA. These internship experiences will somehow help me with my studies. I totally impressed by the different methods which you are using in the market.
I would like to accept this Internship Offer. I am available in the Winter Season from 4-10-15 to 4-11-15.
Business Letter of Intent for saying Thank You!
27th August 2014
Dear [Client Name..]
[Company name] would like to express our gratitude to say thank you for the best services you have provided us in the Event.
We are very happy with your service. I hope in future if we get the chance we would like to grow the business relation with you. We are an event management firm in the future we will be organizing various events.
So I would like to make a partnership deal with your company. Once again thank you so much for your great assistance. We are waiting for your reply, send us as soon as possible.
Tips for writing the LOI for the business Template
Without this LOI, they never finalized the deal, merging the business, as well as the product.
LOI is a non-legal document that includes information about the deal, project as well as information of the organization. Terms and conditions, which things are necessary everything are mentioned in the LOI.
Here I would like to share some tips for writing the business Templates.
- The LOI must be brief it should give the proper information about the proposal.
- The Organization address, as well as contact details of the representative of the company, should write on the right-hand side of the business Template.
I think this article will give an overview of LOI for the business templates. We have seen how the LOI is needed for the Business deal. And why we are sharing the business templates with you, so that you cant do the mistake in the future. An intent letter is very useful whether you are applying for the job, resigning the job, for retirement purposes. Not only in the business it helps for the other purpose also. Because of this importance of LOI, We have shared each detail of this LOI with you. Please share this article with your dear and near ones. Please keep visiting for more updates.