letter of intent
letter of intent see letter 1

Merriam-Webster’s Dictionary of Law. . 1996.

letter of intent
Where the parties to an agreement consider it necessary to commence the contract before formal agreement or where a third party may require assurances from one of the prospective parties that the contract is "in the offing", a letter of intent may be necessary. However, care should be taken to use appropriate wording to avoid becoming prematurely contractually bound before you intend to.

Easyform Glossary of Law Terms. — UK law terms.


letter of intent
n.
A document that records the intention of the parties to it to enter into a contract or take some other action but that is not itself a formal contract.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


letter of intent
+ letter of intent
USA

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


letter of intent
n. A non-binding summary of the proposed terms of a contract contemplated by the parties.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • letter of intent — An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges . In mergers, a preliminary merger agreement between companies after significant negotiations. Bloomberg… …   Financial and business terms

  • Letter of intent — A letter of intent or LOI is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to the so called heads of agreement. Such agreements may be Asset Purchase Agreements, Share… …   Wikipedia

  • Letter Of Intent — Unter einer Absichtserklärung versteht man die Erklärung eines Verhandlungspartners, die das Interesse an Verhandlungen und am Abschluss eines Vertrages ausdrückt. Sie hat regelmäßig keine rechtliche Bindungswirkung. Vor allem im Bereich des… …   Deutsch Wikipedia

  • Letter of Intent — Unter einer Absichtserklärung versteht man die Erklärung eines Verhandlungspartners, die das Interesse an Verhandlungen und am Abschluss eines Vertrages ausdrückt. Sie hat regelmäßig keine rechtliche Bindungswirkung. Vor allem im Bereich des… …   Deutsch Wikipedia

  • letter of intent — A letter of intent is customarily employed to reduce to writing a preliminary understanding of parties who intend to enter into contract, Garner v. Boyd, D.C.Tex., 330 F.Supp. 22, 25, or who intend to take some other action such as merger of… …   Black's law dictionary

  • letter of intent — A letter of intent is customarily employed to reduce to writing a preliminary understanding of parties who intend to enter into contract, Garner v. Boyd, D.C.Tex., 330 F.Supp. 22, 25, or who intend to take some other action such as merger of… …   Black's law dictionary

  • letter of intent — A letter in which a person formally sets out his or her intentions to do something, such as signing a contract in certain circumstances, which are often specified in detail in the letter. The letter does not constitute either a contract or a… …   Big dictionary of business and management

  • letter of intent — noun any letter expressing an intention to take (or forgo) some action • Hypernyms: ↑letter, ↑missive • Hyponyms: ↑investment letter …   Useful english dictionary

  • letter of intent — /ˌletər əv ɪn tent/ noun a letter which states what a company intends to do if something happens …   Dictionary of banking and finance

  • letter of intent — Date: circa 1942 a written statement of the intention to enter into a formal agreement …   New Collegiate Dictionary

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