Letter Of Intent Template – Australia

Disclaimer

The information provided is intended solely as an example for preliminary negotiations related to agreement outlines in Australia. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified legal professional specializing in Australian real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample Letter of Intent (Australia) template, provided solely for illustrative purposes. Actual terms may vary based on specific negotiations and applicable laws.

Letter of Intent (Australia) Sample

Parties Involved:

Buyer: John Smith
Address: 123 Sydney Road, Sydney NSW 2000

Seller: ABC Property Group Pty Ltd
Address: 456 Melbourne Street, Melbourne VIC 3000

Property Description:

The property subject to this LoI is located at 789 Baker Street, Sydney NSW 2000, or other designated real estate as mutually agreed.

Intent and Preliminary Terms:

This letter indicates the intention of the parties to negotiate in good faith towards a formal agreement for the purchase and sale of the described property, under terms to be mutually agreed upon in subsequent documentation.

Conditions:

This LoI is non-binding, except for confidentiality, exclusivity, and governing law provisions. The parties agree to conduct due diligence and negotiate in good faith to finalize binding agreements.

Confidentiality & Exclusivity:

• Both parties agree to keep all negotiations and related information confidential.
• This LoI grants exclusivity to the Buyer for a period of 30 days to negotiate the terms.

Sydney, ______________________