Is a Letter of Intent legally binding?

Many Letters of Intent are written as non-binding documents, but certain provisions—such as confidentiality, exclusivity, or other specifically identified terms—may be binding depending on how the document is prepared.

Because every Letter of Intent is unique, business owners should carefully review its language and seek appropriate legal guidance whenever questions arise.

Understanding the purpose of an LOI helps create a smoother negotiation process before the final lease is prepared.