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letter of intent
(redirected from letters of intent)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
letter of intent
A letter signifying an intention to enter into a formal agreement, usually setting forth the general terms of such agreement.


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Letters of Intent are not required, but are strongly encouraged.
Traditionally however contractual effect is introduced into letters of intent and the parties enter into what is known as an "if" contract.
Sahara and Landmark believe the ANPM's decision has been made on an incorrect interpretation of the letters of intent between Sahara and Landmark, and they are optimistic that the six permits will be restored to Sahara as soon as the ANPM has had the opportunity to review Sahara's written submissions, delivered to the ANPM in Algiers yesterday.
 
 
 
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