LETTER OF INTENT Sally Jones, Principal ACE Corp. 456 Central Ave Rockville, Nevada 67890 Dear Jill Hull: This letter hereby expresses the mutual interest in a transaction currently in negotiations between the following parties: SAMPLE Buyer: Joe Sampson Seller: Jenny Bay This letter will outline the potential terms of a final transaction agreement to be negotiated and finalized at a later date. Any and all parties signing this letter hereby affirm they are an authorized representative of their respective companies. Enforcement The terms of this letter of intent are informational in purpose. The terms enumerated herein are nonbinding on all parties. The terms set forth herein shall not become binding under any amendment hereto. The terms of this letter of intent will become effective and enforceable only when a definitive agreement is executed by all parties following all negotiations. Prospective Transaction The transaction currently under negotiation is for the transfer of This negotiation is for the transfer of a 50 percent share of X corporation by the Seller(s) to be purchased by the Buyer(s). Sample Letter of Intent This is a sample RocketLawyer.com legal document. After you finish the RocketLawyer.com easy interview process, you will get the complete document, customized for you. This document is intended as a sample only, and is incomplete.