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A letter of intent's purpose is self-explanatory-- it is meant to sum up the intended legal or personal transaction to take place. They are not legally binding documents, but negotiate prices and potential dates between two parties.

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10y ago
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1mo ago

A standard letter of intent typically includes information about the parties involved, the purpose of the agreement, key terms and conditions, proposed timeline for negotiations, confidentiality provisions, and any exclusivity agreements.

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Q: What are the contents of a standard letter of intent?
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