In the beginning of business deals, the parties involved expect a concrete start to back up the possibilities of a breakthrough. In such circumstances, an intent letter, which is informally treated as a symbol of faith between the two parties involved, can turn out to be of great help. A good beginning usually means half the work is done, and what better beginning for a business deal but a good letter of intent, which helps you start the proceedings on a good note.
Free Letter of Intent Template and Samples
In business, a letter of intent is meant to initiate a deal between two parties. However, the use of intent letter is not just restricted to the field of business alone. In the field of academics, for instance, it is used to initiate the process of admission, or the process of applying for a scholarship. The purpose of writing the letter determines its structure and tone. The format of a letter of intent for purchase is bound to differ from that of a letter of intent for a job, or further studies for that matter.
While the structure and content will differ in accordance to the type of intent letter, the basics will remain the same. Given below is a template, which will give you a rough idea as to how you should structure your intent letter and help you get well-versed with the task of writing one.
|[Your Name and Address]
[Date: -- MM/DD/YYYY format]
[Salutation: -- Dear Mr./Mrs./Ms./Name]
[1st Paragraph -- In this paragraph, you are supposed to introduce yourself and come to the point, i.e., specify the purpose of writing the letter.]
[2nd Paragraph -- In this paragraph, you can elaborate on the purpose and provide add-on information.]
[If required, you can add more paragraphs, but you need to make sure that you keep your letter as concise as possible.]
[Valediction: -- Regards/Kind Regards/Yours Sincerely]
In a business letter of intent, you can put forth the tentative road-map of the deal. In graduate school letter, on the other hand, you can tell in brief about your extracurricular interests, how you came to know about the scholarship, etc.
Sample Letter of Intent for Purchase
A letter of intent for purchase is basically a written statement with the intention of providing a breakthrough for a prospective deal. It's considered to be an important step prior to some serious negotiation that would finalize the deal.
15 Down Street
Los Angeles, California
Dear Stephan Williams:
After our discussion on Wednesday, I briefed my business partners about the latest developments and we came to the conclusion that we would like to purchase your firm. We are willing to pay your requested purchase price of (the sum), which covers both, the firm and the equipment necessary to operate it.
We would like to meet you in person preferably over the course of next week/between (specify the period) for a final discussion before closing the deal. We will complete all the necessary paperwork and tender payment, as agreed. At the meeting, we will also set a date, within the next ninety days, on which we will take over the operation of the firm.
Sample Letter of Intent for Graduate School
In the field of education, a letter of intent is a part of the application process for pursuing further education. In fact, a letter of intent plays an important role in the application process of scholarships in various colleges and universities not just in the United States, but several other countries as well.
15 Down Street
Los Angeles, California
Dear Mr./Mrs./Ms. Name of the addressee:
My name is Edward Rogers, and I am a resident of Los Angeles, California. Currently, I am pursuing my Honors in (subject) at the(Name of the University). The purpose of writing this letter is to express my intention of pursuing the (program name) at the(name of the university).
I came across the (program name) offered by the (university name) through (source of information). The program has particularly caught my interest because of its immense scope and opportunities, which would add valuable experience up my sleeve while I pursue my studies at your renowned university. I believe that my decent academic record and significant achievements in the field of sports will help me secure a place at your university and help me achieve my goals.
I intend to discuss with you, my prospects of joining this program, and am looking forward to get in touch with you for the same. My email address is (email address).
Many people tend to confuse a letter of intent with the memorandum of understanding (MOU) and even use the two words interchangeably. The fact, however, is that the two are totally different from one another. A letter of intent is usually signed by only one party involved, unlike the memorandum of understanding which has to be signed by both the parties to make it a valid document.