Both an EOI and an LOI are important documents in business transactions, particularly in mergers and acquisitions, but they serve different purposes and are used at different stages of the process.
EOI: An initial indication of interest, generally non-binding, used at the early stage to signal a willingness to explore a potential deal.
LOI: A more detailed document, can include binding and non-binding provisions, used at a later stage to outline the main terms and pave the way for a final agreement.
Please download the PDF for the full version of the letter of intent template!
Both an EOI and an LOI are important documents in business transactions, particularly in mergers and acquisitions, but they serve different purposes and are used at different stages of the process.
EOI: An initial indication of interest, generally non-binding, used at the early stage to signal a willingness to explore a potential deal.
LOI: A more detailed document, can include binding and non-binding provisions, used at a later stage to outline the main terms and pave the way for a final agreement.
Please download the PDF for the full version of the letter of intent template!
