What are the contents of the letter of intent? The letter of intent shall specify whether the purchaser will be buying up all or a substantial amount of the assets of the business and will, in addition, only acquire those liabilities that are part of the operations of the business subsequent to the closing date.
However, a sample may be required in other formal organizations. For example, a school may require the letter during the formation of a new group or club. It is also important for students wishing to join certain colleges for they can write the letter to show which college they intend to join. Students applying for positions in certain schools can also write the letter as they apply.