Letter of Intent Sample for Position

LETTER OF INTENT (LOI): EMPLOYMENT ENGAGEMENT

DOCUMENT CONTROL

• Effective Date: [Date]
• Version: 1.0
• Jurisdiction: [State/Province, Country]
• Classification: Employment Preliminaries / Restricted Use

1. LEGAL DISCLAIMER

NOTICE: This Letter of Intent ("LOI") is a formal expression of interest and intended to serve as a preliminary framework for the negotiation of a definitive Employment Agreement. Except for Clauses 5 (Confidentiality) and 6 (Non-Solicitation), this document is non-binding and does not constitute an offer of employment or a contractual obligation. Nothing herein shall be construed as creating an employer-employee relationship until a definitive, written Employment Agreement is executed by both parties.

2. IDENTIFICATION OF PARTIES

• Prospective Employer: [Company Legal Name], a [Jurisdiction of Incorporation] corporation with its principal place of business at [Business Address] ("Company").
• Prospective Employee: [Full Legal Name], residing at [Residential Address] ("Candidate").

3. OPERATIVE TERMS OF INTENT

The parties express their mutual intention to negotiate the following primary terms for a definitive Employment Agreement:

1. Position: The Candidate shall serve in the capacity of [Job Title], reporting directly to [Reporting Manager Title].
2. Compensation: The Company intends to offer an annual base salary of [Currency/Amount], payable in accordance with the Company’s standard payroll practices.
3. Incentives: The Candidate shall be eligible for [Bonus Structure/Equity Grants/Commission Scheme], subject to the terms of the applicable plan documents.
4. Benefits: The Candidate shall be entitled to participate in all standard benefits programs generally available to similarly situated employees, including [list major benefits, e.g., Health, 401k].
5. Confidentiality: The Candidate acknowledges that in the course of these negotiations, they may be exposed to proprietary information. The Candidate agrees to maintain strict confidentiality regarding all Company operations, trade secrets, and non-public data, regardless of whether a definitive agreement is finalized.
6. At-Will Status: Both parties acknowledge that any subsequent employment will be on an "at-will" basis, permitting either party to terminate the employment relationship at any time, with or without cause or notice, subject to applicable law.

4. GOVERNING LAW & DURATION

• Exclusivity Period: This LOI shall remain in effect for [Number] days from the Effective Date, unless superseded by an executed Employment Agreement or terminated by written notice by either party.
• Governing Law: This LOI shall be governed by and construed in accordance with the laws of [Jurisdiction].

5. EXECUTION & ACKNOWLEDGMENT

By signing below, the parties confirm their intent to proceed with good-faith negotiations based on the terms outlined above.

FOR THE COMPANY: Signature: __________________________ Name: [Authorized Signatory Name] Title: [Title] Date: [Date]

FOR THE CANDIDATE: Signature: __________________________ Name: [Candidate Name] Date: [Date]

STEP-BY-STEP EXECUTION GUIDE

1. Verify Authority: Ensure the Company signatory has board-delegated authority to issue non-binding offer instruments to prevent unauthorized liability claims.
2. Due Diligence Period: Use the "Exclusivity Period" to conduct background checks, reference verification, and salary benchmarking before drafting the long-form Employment Agreement.
3. Definitive Integration: Once terms are finalized, draft the definitive Employment Agreement containing an "Entire Agreement" clause; this clause will supersede this LOI, effectively terminating the non-binding status of the preliminary terms.
4. Secure Execution: Ensure the LOI is signed by the Candidate before the disclosure of any trade secrets or proprietary technical documentation to trigger the enforceability of Clause 5 (Confidentiality).