A Letter of Intent Sample Can Be a Non_Binding Contract. A letter of intent can be considered as a non_binding contract between two parties and generally contains the information that they have agreed upon and can in fact be a precursor to a contract. This is a very commonly used form letter and in essence states that a person or a company intends to take part in a particular action or activity. If you have never written one you may want to look online for a letter of intent sample to learn how to write one that is effective and will get the results you need.
We find exactly the opposite to be true. If you were to go to an unknown area, would you want a map of the area? Well that is exactly what the LOI is: a map of the major deal points. In today's busy world it is important to be sure two parties are going down the same road and in the same direction before spending too much time working out all the details of a transaction.