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Re: HJ72 post# 549

Tuesday, 11/02/2021 11:20:48 AM

Tuesday, November 02, 2021 11:20:48 AM

Post# of 649
letter of intent (LOI) is a document declaring the preliminary commitment of one party to do business with another. The letter outlines the chief terms of a prospective deal. Commonly used in major business transactions, LOIs are similar in content to term sheets.