Get Sample Letter Of Intent Non-Binding Images. The objective of this non binding letter is to clarify that both the parties are free from any sort of obligations in order to fulfil the terms & conditions of this agreement. Non binding letter of intent template provides the framework for preparing a legal document the describes a potential agreement about the terms of transaction.3 min read.
The most important part of your letter is a clear statement that you don't intend your letter to be binding.
As such, care should be taken in drafting any letter of intent. Please acknowledge the letter of intent correctly sets forth. A letter of intent is a document that sets forth the key terms agreed upon by the parties during negotiations prior to reaching a final, definitive agreement. Letter of intent acquisition of business example.