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Also addresses the absence of exclusivity, requests careful deletion of template guidance text, and provides signature and confirmation instructions.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/template-letter-of-intent-commercial-framework-for-in-principle-terms/280531/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/template-letter-of-intent-commercial-framework-for-in-principle-terms/280531.png","ImageObject",442,249,{"name":42,"@type":43},"Logic","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-18","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",8,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"Is this commercial letter of intent legally binding?","Question",{"text":63,"@type":64},"The LOI is non-binding except for the terms stated in Part D, which covers confidentiality, governing law, and termination provisions.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What are the key sections included in the template?",{"text":68,"@type":64},"The template provides Part A (background), Part B (in-principle terms), Part C (next steps), and Part D (legally binding terms), followed by a confirmation and signature block.",{"name":70,"@type":61,"acceptedAnswer":71},"Does the LOI include an exclusivity obligation?",{"text":72,"@type":64},"No. There is no exclusivity provision, so either party can continue negotiations or contract with third parties for similar or competing relationships.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},280531,1790209731,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,114,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},17,"Forms",40,"forms",{"id":115,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":116,"slug":117},18,30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":115,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":30,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":22},1099513958762,"https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253","Template letter of intent (commercial)  \nUser notes  \nThis is a simple document to outline the main in principle terms of a proposed commercial relationship. The document isnot legally binding (other than the confidentiality , termination , and governing law provisions in part D) .  \nOther than the statement that the document is not intended to be binding and part D, there is no suggested content included – the document is simply a framework for the parties to record the in principle commercial terms that have been agreed, prior to preparing a formal agreement.  \nAlthough the letter of intent is non-binding, it can create moral or ethical obligations that are difficult to back away from. It is therefore important not to over-promise, and to set out relevant assumptions.  \nThis document does not include an exclusivity provision – either party is free to enter into negotiations, or contract , with third parties for a similar or competing relationship.  \nusing this template  \nThis front page and the statements in the footer below (in red) are included to assist in the preparation of this document. They are for reference only – you should delete all of this front page and the statements in the footer from the final form of your document.  \nThe use of [square brackets] around black text means that:  \n▲ the requested details need to be inserted  \n▲ there are different options for you to consider  \n▲ the item is optional and you need to consider whether to include it, based on the company’s circumstances.  \nBefore finalising your document, check for all square brackets to ensure you have considered the relevant option and ensure that all square brackets have been deleted.  \nIf you delete any section , remember to cross reference check the document.  \n[Insert date]  \n[Insert addressee name]  \n[Insert full legal name and address]  \nBy email: [Insert email address]  \nDear [Insert name]  \nletter of intent relating to [insert subject]  \nI refer to recent discussions between [us/name of individuals] relating to [insert subject] .  \nThis letter of intent (LOI) summarises the agreed in principle terms of a proposed [insert brief overview of nature of proposed relationship] . This LOI is not legally binding except for the terms stated in part D. There will be no obligation related to the proposed [insert brief name of proposed relationship] until a binding formal agreement is signed by the parties.  \npart A-background (non-binding)  \n[Insert brief description of each party] .  \n[Insert brief description of why the parties wish to work together] .  \npart B-in-principle terms (non-binding)  \n[Insert a high level description of what the parties have agreed/intend – this can be in bulletpoint form] .  \n[Insert any assumption on which the high-level terms are based] .  \npart C – next steps (non-binding)  \n[Insert detailed next steps (this might include due diligence and conditions such as third party or regulatory approvals)] OR [The parties will continue to discuss in good faith and agree the more detailed arrangements on which they will work together, with a view to entering into a formal written agreement by [insert date]] .  \npart D – legally binding terms  \nThe contents, and existence, of this LOI, and all information disclosed by either party to the other in connection with this LOI, are confidential and may only be disclosed by the parties to their respective directors, advisers and employees on a need to know basis.  \nThis LOI is governed by, and must be interpreted in accordance with, the laws of [New Zealand] . Each party submits to the non-exclusive jurisdiction of the courts of [New Zealand] in relation to any dispute connected with this LOI.  \nEither party may terminate this LOI on [no less than [insert period e.g. 30 days’] prior] notice to the other party [at any time / ifa formal agreement has not been entered into by [insert date]] . This part D will survive termination of this LOI.  \nconfirmation  \nTo confirm your agreement to th","cbCaipQsaF7tUhrl","https://ap.wps.com/l/cbCaipQsaF7tUhrl","pdf",158712,"English","# Letter of intent relating to [insert subject]\n## Summary of in-principle terms (non-binding)\n## Part A - background (non-binding)\n## Part B - in-principle terms (non-binding)\n## Part C - next steps (non-binding)\n## Part D - legally binding terms (confidentiality, governing law, termination)\n## Confirmation and signatures","[{\"question\":\"Is this commercial letter of intent legally binding?\",\"answer\":\"The LOI is non-binding except for the terms stated in Part D, which covers confidentiality, governing law, and termination provisions.\"},{\"question\":\"What are the key sections included in the template?\",\"answer\":\"The template provides Part A (background), Part B (in-principle terms), Part C (next steps), and Part D (legally binding terms), followed by a confirmation and signature block.\"},{\"question\":\"Does the LOI include an exclusivity obligation?\",\"answer\":\"No. There is no exclusivity provision, so either party can continue negotiations or contract with third parties for similar or competing relationships.\"}]","Template letter of intent (commercial) - framework for in-principle terms | PDF",1789550334]