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 ?
- Letter of intent by Sumitomo Electric Industries, Ltd.
15) Letter of Intent: Terumo Corporation (Expand investments in manufacturing, selling, and exporting medical devices (disposable syringes, needles, safety-needles, IV catheters, and urinary drainage bags) and the development of new products and new technologies in sterilization capability and eco- and smart factories)
This Letter of Intent we have signed puts us in a strong position to extend our investor education efforts in Korea, with the support of our local partner KOFIA."
The letter of intent should spell out tenant's assignment and subletting rights since retailers often want to sell successful businesses or transfer within the family.
There are many things a Letter of Intent cannot do, and any client who issues one should be aware of them.
Under the terms of the non-binding letter of intent, Flint Telecom will acquire all of the customers, equipment, contracts and operating licenses on completion of definitive agreements and required regulatory filings.
Under the Letter of Intent, Phoenix will acquire 25 acres of land for USD1m per acre for the construction of a casino.
An example of the appropriate use of this letter of intent is where an employer is attempting to secure funding for a complete scheme but cannot let a building contract, because it does not have full financial backing.
"This Letter of Intent represents a new phase of growth for WorldWater," said Quentin T.
The undisclosed group signed a letter of intent with the principals of the local company, headed by Dennis Bunnell, and will provide the bulk of the $35 million needed for capital upgrades and operating funds.
CROWN CRAFTS has entered a letter of intent to sell its handwoven fabrics business Churchill Weavers Inc.
announced recently that it has signed a letter of intent to sell substantially all of the assets of their frozen food processing and packaging business to a new company lead by key members of Patterson's highly experienced management team, including Ray Walker, Tom lelmini, Russ Kenerly, and Paul Fanelli, who have a combined total of 60 years with Patterson and more than 90 years in the industry.