PRODUCER: Hey Jeff, I've got a great project with Hugh Jackman attached. JEFF: Sounds good __ who can I call to confirm his attachment. PRODUCER: I've already taken care of that for you _ here's a letter of intent from his manager. JEFF: Hmm, how old is this? There's no date on it. PRODUCER: Not that long ago, and besides, the point is Jackman is VERY interested in my script. JEFF: You don't need a letter of intent for that. PRODUCER: Why not? I don't understand.
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.