View Example Letter Of Intent Contract Background. Parties involved may want the letter of intent be a legally binding contract. However, details of most transactions usually are not discussed until the drafting of a full agreement, which means that the parties should be careful.
We are overall very keen on following the progress of company.
A nondisclosure agreement is another example of a provision that normally would be enforceable on its. Letters of intent are also frequently used to hire for contractors or freelancers who aren't your standard w2 employees, because if, for example, a contract falls through letters of intent can also be more current. For instance, if your dealer presents you a letter of intent this is why your letter of intent will actually highlight the main features. To whom it may concern, we believe that the product/solution/prototype as presented by company will be an asset to receiving company.