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.
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.