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A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.
The details of the official offer were made public on Wednesday, when OpenAI’s lawyers submitted the four-page letter of intent in a court filing on Wednesday, revealing that Musk, ...
There was a letter of intent to go forward, but no one signed it." [30] On December 19, CNN produced a copy of a letter of intent apparently signed by Trump and Andrey Rozov, [31] the owner of I.C. Expert Investment Company, the proposed Russian development partner. [32]
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The Loudermill letter fulfills the requirement of (written) notice, and should include an explanation of the employer's evidence ("to act as a check for mistaken accusations"). To fulfill the remaining Due Process requirements, a Loudermill letter will also have to inform the employee of his opportunity for a Loudermill hearing .
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