You may also want to avoid the following errors when writing a letter of intent for employmentǍ. Don't include personal information. 2. Don't talk about your weaknesses. 3. Don't mention salary unless specifically told to do so. 4. Don't mention why you left other jobs. 5. Don't mention other companies you have worked for by name in the cover letter unless they are recognizable, significant and impressive. 6. Don't use a one_size_fits_all approach. Customize your letter of intent for each employer you contact. 7. Don't include too much information or too many details. Hit the highlights and leave them wanting to learn more.
Many individuals will use the terms Letter of Intent, Memorandum of Understanding, and Term Sheet interchangeably, however there are slight, mainly style, differences. Memorandum of Understanding (MOU): The main difference between the MOU and LOI is the nature of the signatories. While two parties are involved in a LOI, a MOU can involve more than two parties. Additionally, while a letter of intent needs only the party which proposes the agreement to be a signatory, a MOU implies that all the parties involved have to be signatories.