Signed and Dated by Buyer: Signed and Dated by Buyer's Mandate: National Letter of Intent (NLI) _ 7 Things You Should Know. With the early signing period approaching, many student_athletes and their families will be asked to sign a National Letter of Intent (NLI) document. Here are 7 things you should know about the NLI: The NLI is a binding agreement between the institution and the student_athlete _ The athlete agrees to attend the institution full_time for one academic year and the institution agrees to provide athletic financial aid for one full academic year.
Better to encourage them from the start to go the LOI route. 3.) Hopefully, by this point you have developed more than one prospect. If you receive LOI s from more than one prospect don't just accept the one with the highest price. Be sure to take into account all the details of the offer as well as the qualifications and background of the buyer. This is especially true if you are financing part of the sale _ getting a slightly higher price from a weaker buyer who runs the business into the ground and then doesn't pay you is of no benefit. 4.) It is perfectly all right to negotiate the contents of the LOI with the buyer before you have accepted it