5. Define the term letter of intent. When can it be necessary? What may it be?

Question: 5. Define the term letter of intent. When can it be necessary? What may it be?5. Define the term letter of intent. When can it be necessary? What may it be?
A letter of intent (LOI) is a report framing the general plans of an understanding between at least two gatherings before a lawful understanding is finished. A letter of intent isn’t an agreement and can’t be lawfully implemented; notwithstanding, it…View the full answer