Agreement Letter Of Intent Contract Sample. Letter of intent is viewed ambiguously under the law as it has both binding and non binding legal status. A letter of intent is a document that sets forth the key terms agreed upon by the parties during negotiations prior to reaching a final definitive agreement.
As such care should be taken in drafting any letter of intent. It is also known by the name of a cover letter. Letter of intent template.
The letter is used to give information about the contract i e.
Download this sample letter of intent for free in word doc format. A letter of intent may be used for a manufacturing agreement share purchase agreement services agreement development agreement and supply agreement. It establishes the intent of the parties and while it is often non binding it can be. A letter of intent is signed after all the parties involved in the contract hold exhaustive discussion and sign a confidentiality agreement.