letter of intent


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letter of intent

A letter signifying an intention to enter into a formal agreement, usually setting forth the general terms of such agreement.
References in periodicals archive ?
Mr Joyce believes that a risk management approach to business relationships should recognise that the costs of committing resources may not be recovered under a letter of intent.
Many real estate professionals believe that when the buyer is given a "free look" period within which to elect, in its sole and absolute discretion, whether or not to proceed with the purchase, the letter of intent should be binding as the buyer can always terminate the transaction during the "free look" period.
On September 21, 2006, Dravco entered into a new Letter of Intent with Intor Resources Corporation to acquire the 100% interest in the Golden Arrow Property comprised of 284 lode claims plus 17 patented claims covering a total land area of approximately 5,787 acres (2,342 ha) located approximately 39 miles (62.
The transactions contemplated by the letter of intent are subject to the approval of lenders under The Mills' term loan with Goldman Sachs as administrative agent.
As outlined in the Letter of Intent, upon closing of the Reorganization Transaction:
The Letter of Intent states that SGL Carbon LLC, a U.
The company also recently signed a Letter of Intent with WangJing Hospital and the WangJing Hospital of China Academy of Chinese Medical Sciences, PR China, in order to develop the China International University of Traditional Chinese Medicine and the University Hospital for Traditional Chinese Medical Sciences.
The letter of intent states that SGL Carbon LLC, a US subsidiary of SGL Carbon AG (NYSE:SGG) has the potential to purchase up to 2,500 metric tons per year of the Company's plus fifty mesh flake graphite pending the ability of the Company to produce material that adheres to SGL's specifications and meets a price per metric tonne that is acceptable to SGL's business unit production requirements and market demands.
OTCBB:TCGD), a developer of innovative security technologies and solutions, today announced that it had executed a non binding Letter of Intent with ITL Optronics, to acquire Laser Detect Systems (LDS) Ltd, a developer of long distance, remote sensing, laser based trace detection solutions.
BEIJING -- China Health Holding (OTCBB:CHHH), a developer, marketer and manufacturer of natural herbal supplement products based on traditional Chinese medicine, and Julianna Lu, The Founder/CEO, announced today that the Company entered into a Letter of Intent with Shannxi Meichen Pharmaceuticals Co.
OTC BB: FSPX), a paint and hardware distribution company, today announced that it and National Patent Development Corporation (OTC BB: NPDV), which owns approximately 64% of the Company's outstanding Common Stock, had signed a non-binding letter of intent with FLJ Partners, LLC to enter into a series of transactions that, if consummated, would result in the Company becoming a wholly owned subsidiary of FLJ.