Letter of Intent

Letter of Intent

Tags: bindend, binding, leading, leidend, letter of intent, LOI, niet-bindend, non-binding, overview, overzicht, preparations, term sheet, uitgeschreven overzicht, voorbereidingen, voorwaarden, written overview.

A Letter of Intent (LOI) is a written overview of the most important conditions of a yet to be concluded business agreement. A Letter of Intent is similar to a term sheet, but unlike a term sheet, it is not drawn up point by point. The purpose of a Letter of Intent is generally that it is not binding, but only leading in the negotiations. This non-binding character will have to be made clear by the chosen formulations of the conditions.

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