Letters of intent are important in business relationships for they have many uses. For example, they are a form of proof to investors who want to know about the deals that the company has signed. They can get information on current business relationships.
Accounting Practice Sale _ Why Use a Letter of Intent in an Accounting Practice Acquisition? I have presented several webcasts in the past month and in all of them there have been questions about the use and value of a Letter of Intent (LOI) _ in our process this is typically a non_binding agreement that signifies agreement in principle on the core deal points and agreement to negotiate in earnest on all remaining items.