Letter of intent (LOI)
Summary by Dataconomy
1 Articles
1 Articles
Letter of intent (LOI)
A letter of intent (LOI) is a crucial element in the negotiation landscape, serving as a bridge between initial discussions and a formal contract. While many may perceive it as merely a preliminary document, an LOI often embodies the essential terms and intentions that guide parties throughout the negotiation process. Understanding its components and significance can help you navigate complex business transactions more effectively. What is a let…
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