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AI Startup Blueprint
  • Pages
    • Module 1: Start.
      • Welcome
      • A.I. Startup School
      • You
      • Basics of AI
    • Module 2: Idea
      • Good Ideas
      • Idea Sprint
      • Zoning In
    • Module 3: Validation
      • Validation
      • Validator Reach Out
        • Lead List Job Post
        • Reachouts
      • Getting LOIs
        • LOI template
    • Module 4: MSP
      • MSP
      • Scoping
        • MSP Scope Template
      • Building Your MSP
        • Job Post Template
        • No-Code
    • Module 5: Traction
      • Traction
    • Module 6: Getting Funded
      • Getting Funded
      • Investor Outreach
        • Outreach Template
        • VC List
      • Accelerators
      • Pitch Deck
        • VC Pitch Deck Tempate 1
      • Raising
    • Module 7: Growth
      • Growth
      • Team-building
      • Refining product
    • Module 8: Mindset & Closing Thoughts
      • Mindset
      • Closing Remarks
    • Bonuses
      • 1. Idea List
      • 2. ChatGPT Prompts
      • 3. Survey Questions
      • icon picker
        4. Letter of Intent Template
      • 5. Job Post Templates
      • 6. Email Scripts for New Customers
      • 7. Email Scripts for VCs
      • 8. MSP Scope Template
      • 9. Pitch Deck Templates
      • 10. Investor Question Cheat Sheet
AI Startup Blueprint
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4. Letter of Intent Template
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4. Letter of Intent Template

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Letter of Intent Template

[Your contact information]

[Their contact information]

Dear [Buyer],

This letter of intent represents basic terms for an agreement between the buyer (“Buyer”) and seller (“Seller”) noted below. This Letter of Intent is a precursor to a definitive agreement and binding contract.

For the purposes of this transaction, the Buyer is [Buyer’s name], residing at [Mailing Address], and the Seller is [Seller’s name], residing at [Mailing Address].

The transaction involves the Buyer paying the Seller the previously agreed upon amount of [purchase price spelled out] ($XXXXX.XX) (“Purchase Price”) in exchange for [description of the product/service/property/patent/etc. for sale). We’ve agreed to finalize this deal by [specify date and year], unless both parties agree to an extension.

Once due diligence has been completed, payment is expected as follows:
Upon Signing: The Purchase Price must be paid at the time of signing
At a Later Date: The Purchase Price must be paid by [specify date and year], or as mentioned in the formal agreement.
Other: _______________________________________
Upon receipt of payment, the Seller will [describe actions required, such as transferring ownership, creating account logins, etc.] by [specify date and year].

The process of creating a binding contract will initiate upon your acceptance of this letter or [date], whichever is sooner. Thank you,

[Your name and/or signature]

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