A letter of intent LOI is a document declaring the preliminary commitment of one party to do business with another. The letter outlines the chief terms of a prospective deal. Commonly used in major business transactions, LOIs are similar in content to term sheets. One major difference between the two, though, is that LOIs are presented in letter formats, while term sheets are listicle in nature. LOIs are useful when two parties are initially brought together to hammer out the broad strokes of a deal before the finer points of a transaction are resolved.
Sample Letter of Intent For DepEd Teacher Applicant
College Admissions Letter of Intent
A letter of intent LOI or LoI , and sometimes capitalized as Letter of Intent in legal writing, but only when referring to a specific document under discussion is a document outlining the understanding between two or more parties which understanding they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding. Such outlined agreements may be merger and acquisition transaction agreements,  joint venture agreements, real property lease agreements and several other categories of agreements that may govern material transactions. LOIs resemble short, written contracts , but are usually in tabular form and not binding on the parties in their entirety. Many LOIs, however, contain provisions that are binding, such as those governing non-disclosure , governing law , exclusivity or covenants to negotiate in good faith.
How to Write a Letter of Intent [ 14+ Templates to Download ]
Updated 12 October A letter of intent is used when submitting unsolicited job applications or inquiries to companies you would like to work for. They are a means of introducing yourself to potential employers and convincing them to read your resume. A good letter of intent will spell out your key skills and accomplishments , and explain why you are a great fit for the company to which you are applying.
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