Definition of letter of intent in English:

Share this entry

letter of intent

noun

A document containing a declaration of the intentions of the writer.
Example sentences
  • There can be no hard and fast answer to the question whether a letter of intent will give rise to a binding agreement: everything must depend on the circumstances of the particular case.
  • Gallaher's agreement rested on a letter of intent, a document that in China can take years to translate into an actual contract.
  • The letter of intent is a preliminary document to power projects to enable them to achieve financial closure.
Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.