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SurgeGuy2.0

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Re: dinogreeves post# 2019

Monday, 04/11/2016 2:46:30 PM

Monday, April 11, 2016 2:46:30 PM

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What is a 'Letter of Intent - LOI'

Used in most major business transactions, a letter of intent (LOI) outlines the terms of a deal and serves as an “agreement to agree” between two parties. An LOI is similar to a term sheet in its content, but differs in structure (one formatted as a letter; the other, as a list of terms).

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