Letter of intent

Law.

A document setting out the main terms of a proposed contract.

Also known as a memorandum of understanding.

Whilst it is not a formal contract, some of the terms may be enforceable.

See also

• Contract
• Engagement letter
• Express term
• Invitation to treat
• Letter of awareness
• Letter of comfort
• Letter of credit
• Memorandum of Association
• Offering memorandum