Receiving a Letter of Intent or Indication of Interest (LOI) from a prospective buyer often brings a sense of excitement and ...

These letters are used in various contexts but are most commonly written in real estate transactions or other large-purchase ... a declaration of intent. It is not a binding contract or an ...

It records the preliminary terms of an agreement. The broad terms outlined ... all equipment and machinery at the time of purchase The letter of intent or memorandum of understanding may outline ...

The Letter of Intent will terminate if the parties do not enter into a definitive purchase agreement in the 90-day period following the date of the Letter of Intent, unless the parties mutually ...