A sample template for a letter of intent is presented on the Entrepreneur website. The template, which is in an editable document format, can be freely accessed by using the site's download feature. A paid-for template is also available on the Bloomberg website.
A letter of intent is a formal document that summarizes the salient points of a proposed business arrangement. Typically, it is not enforceable by law but only expresses a party's interest to come into agreement with another party over the stipulations provided in the proposal. For instance, the template on the Entrepreneur website clearly states that except for the fulfillment of certain conditions, both parties are not legally bound by any other obligation.