Free letter of intent template
A letter of intent, sometimes called a memorandum of understanding or heads of terms, sets out what two parties plan to agree while the details are worked out. This starter form says clearly that it is not binding, apart from confidentiality and costs, so nobody is committed until a final agreement is signed.
Who signs
First party and Second party. Each signs on their own phone or computer from a link in an email, and neither needs an account.
What you fill in before sending
- What the parties intend to do
- The main terms agreed so far
- A target date for a final agreement, if any
- Which law applies, for example England and Wales, or the State of New York
What the signer adds
Apart from their signature, their name (filled in for them) and the date:
- Each side’s business name, if they sign for a business
What it covers
- Purpose
- Not binding
- Confidentiality (binding)
- Costs (binding)
- General terms
When to use it
- Early in a partnership, a sale or a joint project, before the final contract
- When you want the main points in writing while lawyers draft the details
When it’s not the right form
- Anything you intend to be legally binding (use a full agreement)
- Buying or selling a business or property, where heads of terms are usually prepared by lawyers
How to get it signed
- Choose this template in Docket Secure. The wording and fields are laid out for you.
- Fill in the details above, then add the name and email address of each person who signs.
- Send it. Each person signs from their link and everyone receives the signed PDF.
Every signed PDF ends with an activity trail page, and you can check later that the file has not changed with the document checker. New accounts get a 7-day free trial with no card needed.
These are general starting points, not legal advice, and Docket Secure can’t check that a form suits your situation. For anything important or unusual, ask a lawyer where you are. For the rules on signing online, see the UK and the US guides.