1. #1
    Unregistered

    What does it mean writing a letter of intent?

    I just came across this procedure of writing the letter of intent in company but why we are doing that? During what situation we have to write that? Can you please provide me the needed information of how to write it and what format to be followed? Thanks.

  2. #2
    john215 Array
    Join Date
    Jan 2013
    Posts
    796

    Re: What does it mean writing a letter of intent?

    Re: What does it mean writing a letter of intent?

    Hi friends,

    A "letter of Intent" states what exactly you expect to happen by following your specific plan, how the plan works,
    what effect it should have, what repercussions if any and what responsibility you plan to assume if it doesn't happen according to your plan.
    It really isn't that difficult. Give yourself a simple statement of what you plan to do on a date for instance to a prospective father and go from there.

    So this is the common letter of intent.

    Thanks!!!

    ALL THE BEST......

  3. #3
    aman Array
    Join Date
    Jul 2012
    Posts
    847

    Re: What does it mean writing a letter of intent?

    Letter of intent specific meaning depends upon the purpose for which it is used.

    In broad sense it is a document in which there is an agreement between two or more parties.

    The general purpose of it is:


    To clear important part of a complex transaction so that no problem arises in future

    For official negotiation between dealing parties.

    It clarifies intentions of buyers and sellers before final agreement is reached. In simple terms they are terms and conditions implied in an agreement

    So Based on the purpose you are writing this letter you can customize the format of the letter.

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