An important document created to initiate a business deal between two parties, the letter of intent is very similar to a Memorandum of Understanding (MoU).
Letter of intent is a document which presents details about a potential agreement between two parties before it is approved. Such an agreement can be anything from a Share Purchase Agreement, Asset Purchase Agreement to Joint Venture Agreement.
A letter of intent is also seen as declaration of the process of negotiation between two parties.
Sample Letter of Intent
A letter of intent establishes terms and conditions and clarifies important points associated with a deal. If a deal collapses, this letter can act as a safeguard. Such letters are also referred to as a ‘discussion sheets’ because terms of agreement are discussed in them.
The letter of intent examples presented below give you a rough idea of how to create properly formatted documents. Of course, this is a generic format. According to your purpose, the details of the letter will differ.
Dear [Receiver’s Designation],
Letter of Intent Examples
The examples of different kinds of letters of intent used for business transactions, applying for a job, applying for a graduate program, etc., are given below.
Applying For a Job
The format given below should be of help.
Subject: Letter of Intent for Employment
Dear [Designated Person],
My name is [Sender’s Name]. I recently graduated from [Name of College]. I came to know that your firm is looking for a [Position You are Applying for]. I think I am suited for this position. I believe that I would be a valuable addition to your firm. I have attached my CV and college transcript with this letter for your review. I look forward to hearing from you.
For Making a Purchase
This is just one of the letter of intent examples written for purchase. Format of such letters can differ for different types of business transactions.
|[Name of Sender]
[Address of Sender]
Subject: Letter of Intent for Purchase
Dear [Designated Person],
This letter puts forth the terms and conditions of agreement between [Name of purchaser] and [Name of seller]. Until the terms and conditions are agreed upon by both parties, the letter would remain to be non-binding. Details of the agreement can be found in the list given below.
Name of the Commodity:
Applying For Graduate School
Subject: Letter of Intent for Applying for Graduate School
Respected [Concerned Person],
My name is [Sender’s name]. At present, I am pursuing [course/program] at [Name of College]. I want to apply for [Name of the Course] in your institute. Apart from maintaining a good academic record, I have also participated in extracurricular activities. The [Name of Program] offered by your institute would allow me to work in my area of interest. Given the reputed faculty members and world-class research facilities offered by your institute, getting admitted to [Name of College] would be a dream come true. I am looking forward to hearing from you.
The letter of intent examples and relevant information pertaining to writing them which is presented above should help those who are looking to strike a business deal, intend to join a graduation program or those who are looking for a job.