Letter of Intent for Software Development

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A software development letter of intent (LOI) is used to draft the terms of a potential contract between a software developer and a client. It outlines the details for the proposed working relationship, including the services to be provided, fees, and the timeline for completion. The terms in a letter of intent are typically negotiated until the parties come to a final agreement.

Letter of Intent for Software Development

A software development letter of intent (LOI) is used to draft the terms of a potential contract between a software developer and a client. It outlines the details for the proposed working relationship, including the services to be provided, fees, and the timeline for completion. The terms in a letter of intent are typically negotiated until the parties come to a final agreement.

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Last updated October 28th, 2024

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A software development letter of intent (LOI) is used to draft the terms of a potential contract between a software developer and a client. It outlines the details for the proposed working relationship, including the services to be provided, fees, and the timeline for completion. The terms in a letter of intent are typically negotiated until the parties come to a final agreement.

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What to Include in the LOI

A letter of intent for software development will typically include the following terms:

  • Party Information – The name and address of the software developer and client.
  • Intent of Letter – A statement explaining that the letter is not a definitive agreement.
  • Services – A description of the duties the developer is expected to carry out.
  • Contract Dates – The projected start and completion dates of the work.
  • Payment Terms – The developer’s proposed fees and payment conditions.
  • Binding Effect – A statement indicating which parts of the letter are legally binding.
  • Signatures – The parties’ signatures and signing dates.

Sample

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SOFTWARE DEVELOPMENT LETTER OF INTENT

Date: [DATE]

[SENDER (e.g., DEVELOPER) NAME]
[SENDER STREET ADDRESS]
[SENDER CITY, STATE, ZIP]

[RECIPIENT (e.g., CLIENT) NAME]
[RECIPIENT STREET ADDRESS]
[RECIPIENT CITY, STATE, ZIP]

RE: Intent to Develop Software

This Letter of Intent (the “Letter”) sets forth the proposed terms and conditions of the Services described hereunder and shall govern the relationship between the Client and Developer (the “Parties”) until replaced by a definitive, formal agreement addressing the same services and subject matter (the “Definitive Agreement”). The Services considered in this Letter and in the Definitive Agreement are subject in all respects to the following:

1. THE CLIENT. [CLIENT NAME] (the “Client”) with a mailing address of [ADDRESS].

2. THE DEVELOPER. [DEVELOPER NAME] (the “Developer”) with a mailing address of [ADDRESS].

3. THE SERVICES. Unless otherwise agreed to by the Parties, the Developer agrees to provide the following services: [DESCRIBE SERVICES] (the “Services”).

4. PAYMENT. Payment shall be made as follows: [DESCRIBE MANNER OF PAYMENT].

5. PAYMENT METHOD. The Developer shall be paid, in accordance with Section 4, in the following manner: [DESCRIBE METHOD OF PAYMENT].

6. START AND END DATE. The Developer shall start providing the Services on [START DATE] and the Services shall be due [DUE DATE].

7. INTENTION OF THE PARTIES. This Letter sets forth the intentions of the Parties to use reasonable efforts to negotiate, in good faith, a Definitive Agreement with respect to all matters herein. Notwithstanding paragraphs 7 through 9, which shall be legally binding, any legal obligations with respect to all other matters shall only arise if and when the Parties execute and deliver a Definitive Agreement.

8. GOVERNING LAW. This Letter shall be governed under the laws of the State of [STATE NAME].

9. SIGNATURES.

Client Signature: ___________________ Date: [MM/DD/YYYY]
Print Name: [ClIENT NAME]

Developer Signature: ___________________ Date: [MM/DD/YYYY]
Print Name: [DEVELOPER NAME]