The difference is a Letter of Intent is basically a letter stating the kind of offer you are contemplating in making. Usually it contains what I call the GENERAL items of price, terms and closing date. Most of the other legal STUFF is left out.
Facts About the LOI _ Letter of Intent _ What's Intent Anyway?You have heard the term "letter of intent" if you have explored International business. However you might find yourself unsure and confused about how it is used.Many newcomers to the world of international business are given confusing advice on the proper documents to use in their business.