Free Letter of Intent (LOI) Review

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Have your letter of intent reviewed by AI before signing. Fast, expert identification of binding-language traps, exclusivity overreach, and missing deal-term clarity.

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Key Takeaways

AI flags binding obligations hidden inside "non-binding" LOIs

Detect overbroad exclusivity and no-shop provisions

Identify missing key terms that invite renegotiation later

Free review for M&A, commercial real estate, and joint-venture LOIs

1-2 minutes*

Average Review Time

195+ compliance points analyzed*

Compliance Checks

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* Estimates based on typical documents. Actual results vary by document type and complexity.

Justee's AI-powered letter of intent review tool analyzes M&A, real estate, and commercial LOIs for binding/non-binding clarity, exclusivity scope, confidentiality, expense allocation, and substantive deal terms. The tool flags LOIs that label themselves "non-binding" but contain binding exclusivity, confidentiality, expense, or governing-law provisions — and identifies the cases where Delaware's SIGA Technologies decision could create good-faith obligations even on "non-binding" terms. Justee maps each substantive term against M&A standards (purchase price, structure, indemnity, escrow, closing conditions) and real-estate standards (price, financing, contingencies, deposit). Letters of intent set the negotiating frame and frequently lock in unfavorable terms before lawyers join. Common LOI mistakes include exclusivity periods longer than diligence requires, expense-shifting clauses that survive deal failure, and LOIs that omit core economics, ensuring later renegotiation. Professional LOI review preserves leverage.

How It Works

1

Upload Your Document

Upload your contract in PDF, DOCX, or TXT format

2

AI Analysis

Our AI reviews your document for compliance issues

3

Review Findings

Get detailed findings with risk ratings and legal citations

4

Take Action

Use our suggestions to improve your document

What We Check

Binding vs. non-binding section delineation

Exclusivity scope and duration calibration

Expense allocation and break-fee terms

Substantive economic-terms completeness

Confidentiality and standstill provisions

Common Risks We Identify

"Non-binding" LOI with binding exclusivity

Exclusivity period exceeds diligence needs

Expense reimbursement on deal failure

Key economics deferred to definitive agreement

Standstill that blocks alternate transactions

Hypothetical Case Study by Justee

Justee recently analyzed a 4-page LOI labeled "Non-Binding" with $42M cash purchase price for a founder receiving an acquisition LOI from a strategic buyer for her bootstrapped DTC company.

Issue Found: Despite the "Non-Binding" header, the LOI contained a 90-day exclusivity period, $250k expense reimbursement on deal failure, and a Delaware governing-law clause — all binding. The exclusivity period exceeded the buyer's actual diligence needs by 6 weeks.

Justee Recommendation: We shortened exclusivity to 45 days with a 30-day extension only if buyer was actively in confirmatory diligence, capped expense reimbursement at $50k and only on buyer-caused break, and added a "go-shop" tail-out provision allowing solicitation of competing bids in the final 10 days.

Open-Ended Exclusivity

Problematic Language

"Seller agrees that for ninety (90) days from the Effective Date Seller shall not solicit, negotiate, or accept any offer regarding the Company."

Recommended Language

"Seller agrees that for forty-five (45) days from the Effective Date Seller shall not solicit competing offers, with one thirty (30) day extension automatically available only if Buyer is actively engaged in confirmatory due diligence as evidenced by ongoing data-room access. After day seventy-five (75), exclusivity terminates automatically."

Why it matters: Long exclusivity periods give buyers free option value at the seller's expense. Tying extensions to actual diligence activity prevents stalling and preserves the seller's ability to find an alternative if the deal cools.

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"Justee is redefining the legal document compliance process across all practice areas, transforming hours of work into minutes, while reducing stress and boosting accuracy."

Artem Dolukhanyan
Artem Dolukhanyan

Partner, Corporate Transactions at Grayver Law Group

AI Review vs. Manual Review

FeatureJustee AI ReviewManual Review
Review Time2-5 minutes2-4 hours
CostFree trial available$150-500+
Legal CitationsAutomaticVaries by reviewer
Clause SuggestionsIncludedExtra fee
Availability24/7 instantBusiness hours
* Comparison data represents estimates based on industry research and internal testing for typical contract types. Review times, costs, and accuracy percentages vary by document complexity, length, jurisdiction, and specific legal requirements. See full disclaimer below.

Official Resources

SEC Going Private Transactions

SEC guidance on going-private transactions

Cornell Law: Letter of Intent

Legal definition and effect of LOIs

FTC Pre-Merger Notification

HSR Act premerger notification overview

Important Legal Disclaimer

Not Legal Advice: The information and analysis provided by Justee AI is for general informational purposes only and does not constitute legal advice. While we strive to provide accurate and helpful information, our AI-powered service is not a substitute for professional legal counsel.

No Attorney-Client Relationship: Use of Justee AI does not create an attorney-client relationship. Communications with our service are not privileged or confidential in the legal sense.

Consult a Professional: For specific legal matters, we strongly recommend consulting with a qualified attorney licensed in your jurisdiction. Legal requirements vary by location and circumstances, and only a licensed attorney can provide advice tailored to your specific situation.

Performance Estimates (*): All statistics, metrics, and numerical claims on this page — including review times, cost comparisons, accuracy percentages, and database size — are estimates based on internal testing, industry research, and typical use cases. Actual results vary based on document type, complexity, length, jurisdiction, and other factors. Cost comparisons reference publicly available average attorney rates and are not guaranteed savings. "1M+ laws and regulations" refers to the breadth of Justee's reference database and does not imply that every provision is checked against every law for every document.

By using our service, you acknowledge that you have read and agree to our Terms of Use and understand the limitations of AI-powered legal analysis. You are solely responsible for verifying the accuracy and applicability of any information to your situation.

Letter of Intent Review FAQ

It depends. Most LOIs are partially binding — exclusivity, confidentiality, expenses, and governing law typically are; substantive economics typically are not. Justee maps which provisions are which.

Match it to actual diligence needs. Most M&A diligence runs 30–60 days; longer periods give the buyer free option value. Justee flags exclusivity that exceeds reasonable timelines.

A clause prohibiting the seller from soliciting competing bids during exclusivity. Justee flags overbroad no-shops that prevent the seller from responding to unsolicited offers.

Yes — at least a price range with valuation methodology. LOIs without specific economics invite renegotiation in the definitive agreement.

Yes. Real estate LOIs follow a different standard (price, deposit, contingencies, closing date) and Justee adapts its review accordingly.

Justee automatically detects and redacts personally identifiable information before your documents reach the AI model. Protected types include:

Personal data:
  • Names, email addresses, and phone numbers
  • Social Security numbers and tax identifiers (ITIN)
  • Physical addresses and dates of birth
  • Credit card and bank account numbers
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Corporate and business data:
  • Company and organization names
  • Business addresses and geographic locations
  • SWIFT/BIC codes, IBAN numbers, and bank routing numbers
  • Business license numbers and attorney bar IDs
  • Corporate tax identifiers (EIN)
Our system achieves 100% detection of standard PII types and approximately 97% overall coverage. Certain rare identifiers — such as cryptocurrency wallet addresses and MAC addresses — may not be detected automatically. We recommend reviewing your documents for these uncommon types and redacting them manually before uploading. See our Privacy Policy and Terms of Use for details and limitations.

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Last updated: May 13, 2026

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