letter of intent


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Related to letter of intent: cover letter

letter of intent

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.
References in periodicals archive ?
In addition to finalizing details of the letter of intent, the EDC is pursuing other details related to the project.
In this case, an interior design company had fitted out some flats for a house builder, based on a letter of intent.
Of course, there are always exceptions where parties desire the letter of intent to be binding.