# Letter of Intent

**IRI:** https://folio.openlegalstandard.org/RjRpCaBv1XGApsSFM6uTLq

## Labels

**Preferred Label:** Preliminary Agreement

**Alternative Labels:**

- Intent to Purchase Letter
- LOI
- Pre-Contractual Statement

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RBJ4HPUl2DrL4G30lmoFKJN

## See Also

- https://folio.openlegalstandard.org/RDncsU66gjMTS2uIVpdIaEY
- https://folio.openlegalstandard.org/RZUSPq2iQzzjI6lg0hXujm

**Deprecated:** False