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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 .
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A set of heads of agreement, heads of terms, or letter of intent is a non-binding document outlining the main issues relevant to a tentative sale, partnership, or other agreement. [ 1 ] A heads of agreement document will only be enforceable when it is adopted into a parent contract and is subsequently agreed upon, unless otherwise stated.
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As you have a conflict of interest, you must ensure everyone with whom you interact is aware of your paid status, in all discussions on Wikipedia pages within any namespace. If you want to use a template to disclose your COI on a talk page, place {{connected contributor (paid)}} at the top of the page, fill it in as follows, and save:
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