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letter of intent

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
letter of intent
n. pl. letters of intent
A written statement expressing the intention of the undersigned to enter into a formal agreement, especially a business arrangement or transaction.

letter of intent
n
(Law) a letter indicating that the writer has the serious intention of doing something, such as signing a contract in the circumstances specified. It does not constitute either a promise or a contract
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.letter of intent - any letter expressing an intention to take (or forgo) some action
letter, missive - a written message addressed to a person or organization; "mailed an indignant letter to the editor"
investment letter - a letter of intent saying that a letter security is being bought for investment and not for resale; avoids need for SEC registration


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Letter of intent is a formal letter used to state the outlines of the agreement of parties This is a letter that may lead to the formation of a contract Letter of intent is a formal letter used to state the outlines of the agreement of parties.
Unfortunately, many shareholders who sell their companies will execute the letter of intent without recognizing the distinction and without considering the tax consequences of the asset sale, as opposed to a possible stock sale.
Please complete ONE Letter of Intent per action report to be submitted for review by the Reference Committee for the 2009 Membership Assembly.
 
 
 
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