Letter Of Intent For New Business

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Interested in starting a new business together with another company? You may want to use the Free Letter of Intent for New Business template; this free to download item is sure to help you get your intentions across and achieve the cooperation that you are looking for.

LETTER OF INTENT FOR NEW BUSINESS

[DATE]

Dear [RECIPIENT NAME],

I am writing this letter on behalf of [COMPANY NAME] to express our intent to jointly set up a new business with your company. We desire that the principal terms and conditions of the new business would be as follows:

• The new business would be named: [NAME] and will be located at [ADDRESS].
• The combined capital shall be $[NUMBER]
• The share of the capital percentage wise for both parties shall be: [DETAIL].
• The legal form of the business shall be [DETAIL 1].
• The shares of the capital shall be given on [DATE 1].
• [OTHER DETAIL]

This letter is not an agreement. All the terms and conditions of the proposed new business, in order to be in force and effect, must be stated in the Agreement.

I am very positive about the future of the proposed new business. I look forward to a favourable response. Kindly let me know if you have any question or query. I will address them at the earliest.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]