Letter of Intent Sample for Internship

LETTER OF INTENT: INTERNSHIP PROGRAM ENGAGEMENT

Document Control:

• Effective Date: [DD/MM/YYYY]
• Version: 1.0
• Jurisdiction: [State/Province, Country]
• Scope: Internship Program Participation

LEGAL NOTICE AND DISCLAIMER

This document is a formal expression of intent and is intended to outline the preliminary terms of a potential internship engagement. Except for the sections titled "Confidentiality," "Governing Law," and "Non-Binding Nature," this Letter of Intent (LOI) is non-binding and does not create an employment contract. The Parties acknowledge that a formal Internship Agreement containing definitive terms must be executed prior to the commencement of duties.

1. THE PARTIES

• Company: [Company Full Legal Name], a corporation organized under the laws of [Jurisdiction], with its principal place of business at [Company Address] ("Company").
• Intern: [Full Legal Name of Intern], residing at [Intern Address] ("Intern").

2. INTERNSHIP SPECIFICATIONS

1. Duration: The engagement is intended to commence on [Start Date] and terminate on [End Date].
2. Compensation: The Intern shall be compensated at a rate of [Amount/Currency] per [Hour/Month/Stipend Basis], subject to applicable tax withholdings.
3. Duties: The Intern shall perform duties as outlined in the attached Exhibit A (Scope of Work) under the supervision of [Supervisor Name/Title].
4. Status: The Intern acknowledges that this program is designed for educational/professional development and does not guarantee a permanent offer of employment upon completion.

3. CONFIDENTIALITY AND INTELLECTUAL PROPERTY

1. Confidentiality: The Intern agrees to hold all proprietary, technical, and business information of the Company in strict confidence during and after the term of the internship.
2. Work Product: All work product, inventions, or documentation created by the Intern during the course of this engagement shall be deemed "work made for hire" and shall remain the exclusive property of the Company.

4. GOVERNING LAW

This LOI shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any disputes arising from this letter shall be resolved through mandatory arbitration in [City, State].

5. TERMINATION

Either party may terminate this intent to engage prior to the Start Date by providing written notice to the other party at least [Number] days in advance. Upon the commencement of the formal Internship Agreement, the termination clauses defined therein shall supersede this document.

EXECUTION AND ACKNOWLEDGMENT

For the Company: Signature: __________________________ Printed Name: [Authorized Signatory Name] Title: [Title] Date: [DD/MM/YYYY]

For the Intern: Signature: __________________________ Printed Name: [Full Legal Name of Intern] Date: [DD/MM/YYYY]

EXECUTION GUIDE

1. Verification: Ensure [Company Name] is the precise legal entity registered in the relevant jurisdiction to ensure proper liability protection.
2. Formalization: Treat this LOI as a foundational document. Upon signature, proceed immediately to the drafting and execution of a comprehensive Internship Agreement and Proprietary Information and Inventions Agreement (PIIA) before the Intern gains access to internal systems.
3. Compliance: Ensure the compensation structure aligns with local labor laws (e.g., Fair Labor Standards Act in the US), specifically regarding minimum wage requirements for interns vs. academic credit programs.
4. Record Keeping: Retain the executed original in the Intern’s personnel file for a minimum of [3-7] years post-engagement, as required by local record retention statutes.