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- DictionaryLet·ter of in·tent/ˈledər əv/
noun
- 1. a document containing a declaration of the intentions of the writer.
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- Letter of intent
Document outlining one or more agreements between two or more parties before the agreements are finalized
A letter of intent is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, joint venture agreements, real property lease agreements and several other categories of agreements often make use of a le... Wikipedia
