In the business world letters of intent are often used to prove to potential investors that a potential deal or merger may take place. Without such proof, investors may not be so willing to loan out the much needed money. While letters of intent are common in the business world there are also other instances where letters of intent are used.
The letter of intent sample can serve as a good guide on how to draft a letter of intent. Organizations can use this letter in certain situations including the following. They can use it as a safeguard or form of security in case their agreement does not go well. They can also use the letter to make the points of their agreement clear. The other situation would be to declare the parties involved in the agreement.