Contractor Letter Of Intent Template – US

Disclaimer

The provided document template is intended solely as a general example for outlining the intentions of a contractor in the early stages of an agreement. It does not constitute legal advice and should not replace consultation with a qualified attorney specializing in construction law or contractual agreements. Jurisdictional laws and regulations may vary, and adjustments may be necessary to ensure compliance with local requirements. The use of this example is the user’s sole responsibility, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This document is a sample Contractor Letter of Intent (LOI) for US-based agreements. It is intended for illustrative purposes only. Actual terms may vary depending on project specifics and legal requirements.

Sample Contractor Letter of Intent (LOI) – US

Parties Involved:

Owner/Client: ABC Corporation
Address: 123 Business Ave, New York, NY 10001

Contractor: XYZ Construction LLC
Address: 456 Industrial Rd, Los Angeles, CA 90007

Project Description:

This Letter of Intent pertains to the proposed construction and development project at 789 Main Street, Los Angeles, CA 90015, or other designated site as further detailed in subsequent agreements.

Scope of Work:

The contractor intends to undertake the design, procurement, and construction activities necessary to complete the project outlined herein, subject to the terms below and future contract negotiations.

Preliminary Terms:

This LOI signifies the Parties’ mutual intent to collaborate in good faith towards executing a definitive agreement. It outlines initial understandings but does not constitute a binding commitment, except where expressly stated.

Indicative Timeline:

The Parties aim to negotiate and finalize the detailed agreement by ________________, with project commencement anticipated in ________________.

Confidentiality:

All information exchanged during negotiations shall be kept confidential and shall not be disclosed to third parties without prior written consent, unless required by law.

Governing Law:

This LOI shall be governed by the laws of the State of New York. Disputes arising from this LOI shall be resolved in the courts of New York County.

Additional Provisions:

• This LOI is non-binding and intended solely to outline the Parties’ intentions.
• Both Parties agree to negotiate in good faith towards the execution of a definitive agreement.
• Either Party may terminate negotiations at any time with written notice.

New York, ______________________