{"iri":"https://folio.openlegalstandard.org/RjRpCaBv1XGApsSFM6uTLq","label":"Letter of Intent","sub_class_of":["https://folio.openlegalstandard.org/RBJ4HPUl2DrL4G30lmoFKJN"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RDncsU66gjMTS2uIVpdIaEY","https://folio.openlegalstandard.org/RZUSPq2iQzzjI6lg0hXujm"],"comment":null,"deprecated":false,"preferred_label":"Preliminary Agreement","alternative_labels":["Intent to Purchase Letter","LOI","Pre-Contractual Statement"],"translations":{},"hidden_label":null,"definition":"A Letter of Intent is a formal document that outlines the preliminary terms and conditions of an agreement between two or more parties. While generally not legally binding, it serves as a roadmap for future negotiations or agreements.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}