A Letter of Intent Sample Can Be a Non_Binding Contract. A letter of intent can be considered as a non_binding contract between two parties and generally contains the information that they have agreed upon and can in fact be a precursor to a contract. This is a very commonly used form letter and in essence states that a person or a company intends to take part in a particular action or activity. If you have never written one you may want to look online for a letter of intent sample to learn how to write one that is effective and will get the results you need.
In our experience, an LOI is a critical component in structuring a win_win transaction. We use them on virtually every deal. Here are the main benefits we see: More efficient use of time Proceeding with a clear understanding and agreement in principle. Trigger point for taking the next steps. More efficient use of time: Some people feel an LOI puts the cart before the horse.