Letter of Intent
type: Class
preferred label: Preliminary Agreement
alternative label: Intent to Purchase Letter
alternative label: LOI
alternative label: Pre-Contractual Statement
subclass of: RBJ4HPUl2DrL4G30lmoFKJN
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.