Free Letter of Intent
A nonbinding letter sent to another party to outline the terms of a future transaction.
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Suppose you are working with another party or business over a possible sale of goods or other business deal. Nothing official has been signed yet, but you want to have something in writing that outlines the basics of the deal between you and the other party. You need a Letter of Intent.
Think of the Letter of Intent as the precursor to the official contract that will come later. Your business and the other business can lay out the general terms for the project and work out the details of the deal to make the process of creating the contract much smoother.