Ƶ

Non Binding Letter Of Intent for India

Non Binding Letter Of Intent Template for India

A Non-Binding Letter of Intent under Indian law serves as a preliminary written document that outlines the principal terms of a proposed transaction or business relationship. While governed by Indian contract law principles, it explicitly maintains its non-binding nature except for specifically designated provisions such as confidentiality or exclusivity. The document typically includes key commercial terms, proposed timelines, and conditions precedent, while clearly stating that it does not create legally binding obligations for the main transaction. It serves as a roadmap for future negotiations and helps parties align their expectations before proceeding with more detailed agreements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Non Binding Letter Of Intent

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Non Binding Letter Of Intent?

The Non-Binding Letter of Intent is a crucial preliminary document in Indian business transactions, commonly used when parties wish to formally express their serious interest in a potential deal while maintaining flexibility before final commitments. It serves as a framework for future negotiations and typically precedes definitive agreements in various transactions such as mergers and acquisitions, joint ventures, or significant commercial arrangements. While governed by Indian law, particularly the Indian Contract Act, 1872, the document explicitly maintains its non-binding nature except for specific provisions that parties may agree to make binding. It typically includes proposed transaction terms, timelines, due diligence requirements, and any exclusivity or confidentiality obligations, helping parties align their expectations and demonstrate commitment while preserving their ability to withdraw from negotiations.

What sections should be included in a Non Binding Letter Of Intent?

1. Letter Header: Date, recipient details, and sender details in formal business letter format

2. Subject Line: Clear identification of the transaction or proposal being discussed

3. Introduction: Brief introduction of the sender and the purpose of the letter

4. Transaction Overview: High-level description of the proposed transaction or business relationship

5. Key Terms: Outline of the principal commercial terms being proposed

6. Timeline: Proposed schedule for negotiations, due diligence, and execution of definitive agreements

7. Non-Binding Nature: Clear statement that the LOI is non-binding except for any specifically identified binding provisions

8. Closing: Standard letter closing with signature block

What sections are optional to include in a Non Binding Letter Of Intent?

1. Exclusivity: Optional binding provision requesting exclusive negotiation rights for a specified period

2. Confidentiality: Optional binding provision regarding the treatment of confidential information, if not covered by a separate NDA

3. Costs and Expenses: Optional section specifying how transaction costs will be borne

4. Governing Law: Optional section specifying applicable law for any binding provisions

5. Term/Expiration: Optional section specifying how long the LOI remains open for acceptance

6. Due Diligence Requirements: Optional section outlining specific due diligence requirements and process

What schedules should be included in a Non Binding Letter Of Intent?

1. Term Sheet: Detailed outline of the key commercial terms and conditions being proposed

2. Timeline Schedule: Detailed timeline for the proposed transaction process

3. Asset Schedule: If applicable, list of assets or properties involved in the proposed transaction

4. Price Structure: If applicable, detailed breakdown of proposed pricing or payment terms

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Ƶ

Document Type

Letter of Intent

Cost

Free to use
Relevant legal definitions




















Clauses




















Relevant Industries

Manufacturing

Real Estate

Technology

Healthcare

Financial Services

Energy

Infrastructure

Retail

Telecommunications

Education

Hospitality

Automotive

Pharmaceutical

E-commerce

Mining and Natural Resources

Relevant Teams

Legal

Corporate Development

Finance

Strategy

Business Development

Operations

Mergers & Acquisitions

Executive Leadership

Commercial

Risk Management

Corporate Secretary

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Business Development Manager

Corporate Strategy Director

General Counsel

Legal Director

Investment Manager

Mergers & Acquisitions Director

Project Manager

Commercial Director

Head of Operations

Chief Operating Officer

Vice President of Corporate Development

Investment Banker

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Loi (Real Estate)

An Indian real estate Letter of Intent outlining preliminary terms and conditions for property transactions, serving as a framework for negotiations under Indian law.

find out more

Loi In (Construction)

An Indian law-governed Letter of Intent outlining preliminary terms and conditions between project owner and contractor for construction projects, serving as a precursor to the main construction contract.

find out more

LOI Grant Writing

An Indian law-governed Letter of Intent outlining proposed terms for professional grant writing services, setting preliminary commitments between service provider and client.

find out more

LOI For Purchase

An Indian law-governed preliminary document outlining key terms and conditions for a proposed purchase transaction, serving as a framework for negotiations before the final agreement.

find out more

Letter Of Intent Purpose

An Indian law-compliant Letter of Intent outlining preliminary terms and understanding between parties for proposed business transactions or relationships.

find out more

Letter Of Intent Offer Letter

An Indian-law governed preliminary document outlining terms and conditions of employment or business engagement, serving as a formal expression of intent between parties.

find out more

Letter Of Intent In Job Application

A formal expression of interest in employment under Indian jurisdiction, outlining the applicant's qualifications and intent to pursue a specific position.

find out more

Letter Of Intent From Employer To Employee

An Indian employment Letter of Intent outlining preliminary employment terms and conditions, serving as a precursor to the formal employment contract under Indian law.

find out more

Letter Of Intent For Rental Property

An Indian jurisdiction document outlining preliminary terms and conditions for a proposed property rental arrangement, serving as a precursor to a formal lease agreement.

find out more

Letter Of Intent For Property

A preliminary document under Indian law outlining proposed terms for a property transaction, setting the framework for final negotiations and agreement.

find out more

Letter Of Intent For Organization Membership

An Indian-compliant preliminary document expressing an organization's intention to join another organization as a member, outlining basic terms and next steps.

find out more

Letter Of Intent For Monetization

An Indian law-governed preliminary document outlining proposed terms for asset or rights monetization, serving as a framework for final transaction documentation.

find out more

Letter Of Interest For Property

A formal expression of interest to purchase property in India, outlining basic terms and conditions of the potential transaction.

find out more

Letter Of Intent For Lease Space In Mall

A preliminary document under Indian law outlining key terms and conditions for leasing commercial space in a shopping mall.

find out more

Letter Of Intent For Fresh Graduate

An Indian jurisdiction Letter of Intent document outlining preliminary employment terms and conditions for fresh graduates, serving as a precursor to formal employment.

find out more

Letter Of Intent For Bidding Purposes

A formal document under Indian law expressing intent to participate in a tender/bidding process, serving as a preliminary commitment while maintaining legal flexibility.

find out more

Letter Of Intent For Advertising

An Indian-law governed preliminary document outlining proposed terms between advertising parties before forming a final agreement.

find out more

Letter Of Intent Exclusivity

An Indian law-governed preliminary document establishing exclusive negotiation rights and key transaction terms between parties.

find out more

Letter Of Intent (Education)

A preliminary document under Indian law outlining proposed terms for educational partnerships and collaborations, serving as a precursor to formal agreements.

find out more

Intent To Rent Letter

A formal letter used in India to express serious interest in renting a specific property, outlining basic rental terms and tenant credentials.

find out more

Intent To Offer Letter

An Indian law-governed preliminary document expressing a company's intention to make a formal employment offer, subject to conditions.

find out more

Intent To Leave Apartment Letter

A formal notice document used in India by tenants to inform landlords of their intention to vacate a rental property, complying with Indian rental laws and lease terms.

find out more

Easy Short Simple Letter Of Interest

A formal document used in India to express preliminary business interest, governed by Indian contract law, serving as an initial step in business negotiations.

find out more

Letter Of Intent Educational Assistance

An Indian jurisdiction document outlining an organization's commitment to provide educational assistance, specifying terms, conditions, and obligations of all parties involved.

find out more

Letter Of Intent To Join

An Indian jurisdiction preliminary employment document outlining basic terms and conditions before the final employment agreement, typically used to formalize initial employment discussions.

find out more

Letter Of Intent For Updating Documents

An Indian-law governed formal letter declaring intention to update specific documents, outlining the scope and process of proposed document modifications.

find out more

Letter Of Intent For Higher Position

A preliminary document under Indian law outlining the intent to hire for a senior position, including key employment terms and conditions.

find out more

Letter Of Intent For Apartment

A preliminary document used in Indian real estate transactions expressing a buyer's intention to purchase a specific apartment unit, outlining basic terms and conditions of the proposed purchase.

find out more

Letter Of Intent To Purchase Commercial (Real Estate)

A preliminary document under Indian law outlining proposed terms and conditions for commercial property purchase, serving as a framework for negotiation and subsequent formal documentation.

find out more

Letter Of Intent (Finance)

A preliminary document under Indian law outlining proposed terms and conditions for financial transactions, serving as a framework for further negotiations while establishing key financial parameters.

find out more

Letter Of Resignation With Intent To Return

A formal Indian jurisdiction document combining resignation notice with expressed intention to return to the organization in the future.

find out more

Letter Of Intent For Car Loan

A preliminary document issued by Indian financial institutions indicating intent to provide vehicle financing under specified terms and conditions, subject to Indian banking laws.

find out more

Letter Of Interest To Supply Goods

A formal business document used in India to express a supplier's intention and capability to provide specific goods to a potential buyer, serving as an initial step in establishing a supply relationship.

find out more

Letter Of Intent To Join An Organization

An Indian law-compliant preliminary document outlining employment terms and conditions between an organization and a prospective employee before formal employment begins.

find out more

Letter Of Intent For Internal Job Posting

An Indian jurisdiction-compliant formal document indicating intent to transfer or promote an employee to a new internal position, outlining role details and transition terms.

find out more

Letter Of Intent For Business Franchise

A preliminary document under Indian law outlining proposed terms and conditions for a franchise relationship, serving as a precursor to the final franchise agreement.

find out more

Letter Of Intent To Sell Vehicle

An Indian jurisdiction document expressing formal intent to sell a vehicle, outlining key terms and conditions for the proposed transaction.

find out more

Letter Of Intent To Participate In Project

A preliminary commitment document under Indian law expressing intent to participate in a specific project, outlining basic terms and serving as a precursor to formal agreements.

find out more

Letter Of Intent For Offtake Agreement

A preliminary document under Indian law outlining terms for future purchase commitments between parties, serving as a framework for a definitive offtake agreement.

find out more

Non Binding LOI

A preliminary non-binding document under Indian law outlining proposed terms and conditions for potential business transactions, serving as a foundation for further negotiations.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it