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<a accesskey="3" href="page.php?w=letter_of_intent&amp;p=2">3.Next</a>
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<p>A <b>letter of intent</b> (<b>LOI</b> or <b>LoI</b>, or <b>Letter of Intent</b>) is a document outlining the understanding between two or more parties which they intend to formalize in a <a href="page.php?w=contract">legally binding agreement</a>. The concept is similar to a <a href="page.php?w=Heads_of_agreement_%28law%29">heads of agreement</a>, <a href="page.php?w=term_sheet">term sheet</a> or <a href="page.php?w=memorandum_of_understanding">memorandum of understanding</a>. Merger and acquisition agreements, joint venture agreements, real</p><p>
<a accesskey="3" href="page.php?w=letter_of_intent&amp;p=2">3.Next</a>
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