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Interested in starting a new business together with another company? You may want to use the Free Letter of Intent for New Business template; this free to download item is sure to help you get your intentions across and achieve the cooperation that you are looking for.
LETTER OF INTENT FOR NEW BUSINESS
[DATE]
Dear [RECIPIENT NAME],
I am writing this letter on behalf of [COMPANY NAME] to express our intent to jointly set up a new business with your company. We desire that the principal terms and conditions of the new business would be as follows:
- The new business would be named: [NAME] and will be located at [ADDRESS].
- The combined capital shall be $[NUMBER]
- The share of the capital percentage wise for both parties shall be: [DETAIL].
- The legal form of the business shall be [DETAIL 1].
- The shares of the capital shall be given on [DATE 1].
- [OTHER DETAIL]
This letter is not an agreement. All the terms and conditions of the proposed new business, in order to be in force and effect, must be stated in the Agreement.
I am very positive about the future of the proposed new business. I look forward to a favourable response. Kindly let me know if you have any question or query. I will address them at the earliest.
Regards,
[YOUR SIGNATURE]
[YOUR NAME]
