How to Write a Letter of Intent. Letter of intent is used when an individual enters into a certain transaction or business relationship. People usually go for letters of intent instead of going for a legally binding agreement.
How Letter of Intents Are Used in Business Acquisitions. A letter of intent (LOI) is a written document that outlines the key terms and conditions of an agreement which will form the basis of a contract, prior to it being finalized. LOI's are typically drafted by a buyer and express their serious interest to enter into a business transaction and continue the discovery further.