What Is Letter Of Intent. A letter of intent (loi or loi, and sometimes capitalized as letter of intent in legal writing, but only when referring to a specific document under discussion) is a document outlining the understanding between two or more parties which understanding they intend to formalize in a legally binding agreement. Depending on its purpose, this letter serves as an introduction before a prospect commits to a partnership or job agreement with the other entity.
In business relations, for instance, a letter of intent acts as an initial proposal to the engaging party. By bisnis dan manajemen surat minat — loi : Letter of intent | letter of interest kompilasi dan transkripsi :
They ideally save time and resources for both parties.
They are written in letter format, and signed by one party (the party writing it). A letter of intent is simply a letter that expresses your intention to do an activity, whether it is taking out a business loan, applying for a scholarship, or a job purpose. The letter of intent is a short document outlining the intentions of the parties and the basic elements of the proposed transaction. They ideally save time and resources for both parties.
