Letter of Intent

A letter of intent (LOI) is a formal document in which one party expresses its intentions and interest in entering into a transaction or collaboration with another party. It can be used in various areas of business such as partnership, collaboration or contract signing.

What information does a letter of intent contain?

A letter of intent typically contains information about the specific terms and objectives of the transaction, including the expected value or scope of the transaction, timelines for completion, responsibilities of the parties, and other important details. It can also serve as a starting point for further negotiations and working out the details of the final contract or agreement.

Also, a letter of intent is not a legally binding document and does not necessarily guarantee that a deal will go through, but it can be a useful tool for expressing interests and starting a partnership dialogue between the parties.