Letter of Intent for Employment Contract

Letter of Intent for Employment Contract

While I can provide you with a sample structure, it’s crucial to understand that this is for illustrative purposes only and shouldn’t be used without consulting an attorney. Employment law is complex, and using a generic template can leave you vulnerable.

Sample Letter of Intent for Employment

[Date]

[Employer Letterhead (if applicable)]

[Employer Contact Information]

[Employee Name]
[Employee Address]

RE: Letter of Intent for the Position of [Job Title]

Dear [Employee Name],
This letter of intent (“LOI”) outlines the key terms of employment that [Employer Name] (“Company”) and [Employee Name] (“Employee”) intend to negotiate in good faith toward a formal Employment Agreement (“Agreement”). This LOI is not intended to create, and does not create, any binding legal obligations on either party, and it is expressly understood that neither party shall have any legal obligation to the other based upon this LOI.

The Company and the Employee contemplate that, subject to the successful negotiation of a mutually acceptable Agreement, the Employee will be employed by the Company on the following principal terms:

1. Position: [Job Title]
2. Reporting: The Employee will report to [Supervisor Name/Title].
3. Start Date: [Target Start Date] (or as mutually agreed upon in writing).
4. Compensation and Benefits:
   Base Salary: [Annual Salary] paid in [Frequency] installments.
   Bonus: [Target Bonus Structure/Eligibility]
   Benefits: Employee will be eligible to participate in Company benefit programs as generally provided to employees at the Employee’s level, subject to the terms and conditions of such plans.
5. Confidentiality: The Employee agrees to be bound by the Company’s confidentiality policies, as they may exist from time to time, both during and after their employment with the Company.

[Optional: Include any additional provisions you want to outline, such as relocation assistance, sign-on bonus, etc.]

This LOI will expire on [Expiration Date – e.g., 30 days from date] unless superseded by a formal Employment Agreement, which both parties will use commercially reasonable efforts to negotiate and execute.

Please confirm your acknowledgment of the terms of this LOI by signing and returning a copy of this letter.

Sincerely,

[Employer Representative Name & Title]

Agreed and Acknowledged:

[Employee Signature]

[Employee Printed Name]

[Date]

Disclaimer: This is a sample LOI for illustrative purposes only and should not be considered legal advice. You should consult with an attorney to create a document tailored to your specific needs and legal jurisdiction.

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