What Is a Letter of Intent (LOI)?
A Letter of Intent is a simple but powerful document that outlines the main terms of a proposed agreement before a formal contract is created. It's often used in job applications, business deals, or real estate transactions.
Using a well-designed LOI template, especially in Google Docs, helps you save time, present your ideas clearly, and maintain a professional tone right from the start.
Why Use an LOI Template?
Save Time and Effort
Templates give you a ready-made structure, so you don’t have to build your LOI from scratch. You can focus on your message instead of formatting.
Keep Things Clear and Consistent
A clean layout helps you include all the key details, like roles, responsibilities, pricing, and deadlines. This consistency also makes it easier for others to review and understand your offer.
Look More Professional
A polished LOI shows you’re serious. It helps make a strong first impression on hiring managers, clients, or potential partners.
Avoid Common Mistakes
Templates include prompts and example sections that guide you through what to write. This helps reduce typos, missed sections, or awkward wording.
Make Collaboration Easy
Google Docs templates are great for working with others. You can share your LOI with a click, get feedback in real time, and make edits from any device.
How to Use LOI Templates Effectively
Customize Everything
Don’t just fill in blanks. Adjust the tone, details, and content to match your situation. A generic LOI can feel lazy or impersonal.
Be Clear and Specific
Use direct language. If your LOI mentions timelines, prices, or expectations, be precise. If needed, define terms so there’s no confusion later.
Highlight Key Terms
Make sure the most important parts of your offer or request are easy to find. This helps keep everyone on the same page.
Know What’s Binding and What’s Not
Most LOIs are not legally binding, but some sections might be. For example, confidentiality or exclusivity clauses could carry legal weight. Understand what each part means before you send it.
When in Doubt, Ask a Pro
If your LOI involves a big deal, like buying property or merging businesses, it’s smart to have a legal expert review it. Templates are helpful, but they don’t replace professional advice.
