Letter of Intent

A Letter of Intent (LOI) is a document outlining the preliminary agreement between parties before they finalize a deal or contract. It expresses the intention to pursue a specific project or transaction, such as a business merger or real estate purchase. While it is not legally binding in most cases, it serves as a roadmap for negotiations and can include key terms and conditions. An LOI helps both sides clarify their objectives and expectations, making it easier to reach a formal agreement later.