Home > Terms > English, UK (UE) > Letter of intent (LOI)

Letter of intent (LOI)

Interim agreement, which contains the main points of the planned business or confirmed that a certain course of action is to be taken. Normal, there is no final agreement, but means a genuine interest in the final agreement, subject to due diligence, additional information or subject to certain conditions. The language in writing a letter of intent is of crucial importance and determines whether it is enforceable only expression of intention or obligation. Also called 'Memorandum of Understanding' or 'Area'.

This is auto-generated content. You can help to improve it.
0
Improve it
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
  • Company:
  • Product:
  • Acronym-Abbreviation:
More
Collect to Blossary

Other Languages:

More

Member comments

You have to log in to post to discussions.

Related terms

letter of intent (LOI)
Law; Contracts

Interim agreement that summarizes the main points of a proposed deal, or confirms that a certain course of action is going to be taken. Normally, it does not constitute a ...

Contract
Law; Contracts

Contract, same meaning of agreement, a commercial contract this is a commercial agreement

contract
Law; Contracts

A lawful agreement between two or more parties, usually written is called as contract.Contract was made between both parties in written form.

act no.
Law; Contracts

A product, such as a statute, decree, or enactment, resulting from a decision by a legislative or judicial body

coll.
Law; Contracts

collected, coll., follows the number of an act, eg. Act No 111 Coll.

commercial register
Law; Contracts

a document that compulsorily registers individuals and legal entities (companies) engaging in commercial activities

as amended
Law; Contracts

a legislative measure altered formally by adding, deleting, or rephrasing

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Law Category: US law

Salinas v. Texas

On June 17, 2013 the U.S. Supreme Court ruled 5-4 that if you remain silent before the police read your Miranda rights, that silence can and will be ...

Contributor

Featured blossaries

The 10 Richest Retired Sportsmen

Category: Sports   1 10 Terms

Things to do in Bucharest (Romania)

Category: Travel   2 10 Terms

Browers Terms By Category

TERMS

SOCIAL

EXTRAS

SOLUTIONS