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Q: What is the validity period of a letter of intent?
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When was National Letter of Intent created?

National Letter of Intent was created in 1964.


What is difference between letter of interest and letter of intent?

The difference between letter of interest and letter of intent is :The letter of interest : The letter of interest can is dedicated to several very different situations, such as convincing the recipient of our interest in the subject heading. Indicating why we are interested.However, letter of intent : allows this regard for caution, expressing its willingness to carry out a project while reserving the right to finally not to conclude the contract. also gives a status to pre-contractual relations during a certain period. However, the content of the letter of intent is variable and the parties are free to determine the elements to which it relates.


If letter of intent referes to FIDIC then the letter of intent can be considered as a formal contract?

yes


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