There are various types of letters of intents for instance if you are applying for university or college then you would need to create a letter of intent for graduate school or university. If you are planning to apply for a job then you would need a letter of intent for a particular job position. If you are writing a letter of intent for a business then there a few things you need to keep in mind.
Seller's obligations and legal position: The seller is obliged to continue operating the business in a manner that is consistent with past practice and that he shall facilitate the purchaser's endeavors in obtaining finance from third parties. However, neither the purchaser nor the seller is under any obligation to complete the acquisition of the business until and unless the purchase acquires all permits, certificates, permissions and approvals as required ensuring the correct operation of the business by the purchaser. In addition, the purchaser should also have completed a due diligence investigation and satisfied himself/herself in this regard.