---
title: What is an LOI and what does it include?
description: Learn what an LOI is, what it typically includes, and how it sets expectations on price, structure, timelines, contingencies, and closing.
---

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# What is an LOI and what does it include?

An LOI (Letter of Intent) outlines key deal terms before due diligence, including price and structure, timelines, what’s included, seller financing (if any), contingencies, and a target closing date.

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