The Significance of a Letter of Intent Sample. A letter of intent shows the information that parties have agreed on so that the information is clear to them. The use of this type of letter is widespread and it is almost like a written contract but it is not binding. It states that a person or organization intends to take part in a certain action. If a person or organization wants to get a guide on how to make a good letter of intent, they can get a letter of intent sample, which is available at many online sites.
J. Closing Date_The Closing Date should be stated as On or Before... the Closing Date to provide flexibility to parties involved. Unless there are stated terms to the contrary or "timeline contingencies", it should also be stated the buyer and seller agree that the buyer has exclusive right to purchase said assets up to and including the Closing Date.