Buyer Interest and Offers

LOI

Short for letter of intent. Why it matters: Even if most LOI terms are non-binding, the LOI often shapes negotiating leverage for the rest of the process.

Related terms

Letter of Intent

A written offer that outlines price, structure, timeline, exclusivity, and major terms before final contracts. Why it matters: The LOI sets the deal path before expensive legal work begins, so price, structure, exclusivity, financing, and key conditions should be reviewed carefully.

Non-Binding

Not legally final. Many LOI terms are non-binding, meaning either side can still walk away. Why it matters: Non-binding language means the buyer can still change terms or walk away, especially if diligence, financing, or approvals do not go as expected.

More from Buyer Interest and Offers

Binding Terms Breakup Fee Confidentiality Agreement Exclusivity Indication of Interest IOI Letter of Intent NDA No-Shop Clause Non-Binding

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