The Key to an Effective Letter of Intent. A letter of intent, or LOI, is a document that outlines an agreement between two or more parties before the agreement is finalized. A Letter of Intent resembles a written contract, but generally are not binding upon the parties. The purpose of an Letter of Intent may be to clarify the key points of a complex transaction for the convenience of the parties, to declare officially that the parties are currently negotiating, as in a merger or joint venture proposal, or to provide safeguards in case a deal collapses during negotiation
Sport discontinued _ If the sport listed on the signed NLI is discontinued at the institution. Service in US armed forces/church mission _ If the student_athlete serves active duty with the US armed forces or on a church mission for at least 12 months.