Letter of Intent: Difference between revisions
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
(No difference)
|
Latest revision as of 23:03, 10 February 2020
Definition
Letter of Intent. It is a document issued from the buyer to the vendor which shows that the buyer would like to enter into negotiations with the vendor with the intent to purchase a product or a service. The letter of intent is not legally binding. It provides a starting point for the negotiations.