A Non-Binding Letter of Intent is used by businesses when writing contracts or agreements for parties who wish to share information with one another. This type of letter is often used alongside a binding letter, and the non-binding letter will not contain any wording that can be used in a legally binding situation.
A Non-Binding Letter of Intent template is available for download below.
To write a Non-Binding Letter of Intent you will want to include the following information:
Opening salutation with the party's name.
An introductory statement clarifying that this letter serves as a non-binding agreement between the parties detailed in this letter.
Terms and conditions that both parties agree to serve in a good-faith manner.
A final signature section between all parties, again acknowledging that this is not a legally binding document.
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