A Letter of Intent includes information about:
- Both parties involved in the proposed transaction
- A description of the transaction, meaning the property or business address, or specifications about what the Letter of Intent is for
- Pricing and deposit details
- What the terms are (if any)
A Letter of Intent will also list details regarding the intended transaction, such as, if it is real estate related, whether it is commercial, residential, industrial, agricultural, or recreational property.
In a business transaction, it would specify what was being purchased, such as assets (furniture, supplies, vehicles), or shares.
You may also include clauses in regards to confidentiality, if necessary.