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A letter of intent ( LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, [1] joint venture agreements ...
Loudermill letter. In employment law, a Loudermill letter is a letter that public-sector employers may send to employees giving notice of their intent to suspend, demote, or terminate. According to Cleveland Bd. of Educ. v. Loudermill, the process that is due a public employee includes a pre-termination hearing that provides "oral or written ...
Letter of comfort (contract law) A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not ...
National Letter of Intent. The National Letter of Intent ( NLI) is a document used to indicate a student athlete 's commitment to participating in National Collegiate Athletic Association (NCAA) colleges and universities in the United States. The NCAA Eligibility Center manages the daily operations of the NLI program while the Collegiate ...
Term sheet. A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition. [1] It may be either binding or non-binding.
Intent (military) For military strategy, intent is the desired outcome of a military operation. It is a key concept in 21st century military operations and is a vital element to facilitate subordinates' initiative [1] and collaboration and cooperation [2] amongst team members in joint operations.