Sample Letter of Intent to do Business Together

Learn how to write a letter of intent to do business together. Use our sample letter of intent to do business together as a template for your business letter.

Sample Letter Of Intent To Do Business Together

COMPANY LETTERHEAD IF APPLICABLE

Marvin Johnson
ABC Business
797 11th Street
Philadelphia, PA, 15006

May 26, 2019

Avery Brooks
Brooks Business
5234 Pine Street
Philadelphia, PA, 15006

Dear Mr. Brooks,

This is a Letter of Intent that proposes to outline the partnership you and I discussed on May 15th. I do not consider the terms and conditions stated in this letter as binding and am open to negotiation.

We have agreed that we will enter into partnership for the purposes of starting a catering service. My main responsibility will be food preparation and purchasing, and your responsibility will be accounts and marketing.

We will pay ourselves and our employees a suitable salary and split any profits after salaries 50-50. We are still negotiating the amount of salaries.

We have also agreed to take out a Small Business Loan to cover the start-up expenses and will both be signatory for that loan.

We have together created a business plan that clearly states our intentions for the short-term as well as the next five years, and this plan has been approved by the bank.

I propose we meet in two weeks on June 10th at the office of ABC Lawyer to confirm the salaries and sign a contract of partnership.

We can meet at a time of your convenience to discuss the points on which we have not yet agreed before we meet the lawyer. Please call me at 555-123-4557 or contact me at brooks@email.com to set up a meeting.

This letter is a formal expression of intent to start a partnership with you to open a catering service. We need to decide the main points of financial distribution and meet the lawyer to sign the contract.

Sincerely,

Signature
Marvin Johnson

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