Updated on: Oct 12th, 2021
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5 min read
Formal and official letters play an important role in the world of everyday business. There is a formal letter for a request, proposal, application, cancellation, and many others. Let us talk about ‘letter of intent’ today.
The letter of intent is a formal letter that a person writes to another person in due course of business. As a written communication, the letter of intent can be used as a valid document in the court of law.
Some of the important information that a letter of intent should capture while drafting is:
As mentioned earlier, the letter of intent can be used for various purposes. Although the format is generic, the intent or the nature of the intent will change according to your request or demand. Here is a generic format of the letter for you to download.
A formal letter of intent plays a crucial role in business as a valid document in the court of law. It should include essential information like contact details, purpose, outcome forecast, recipient details, reasoning, suggestions, and plan of action. The language should be polite and clear. The format is generic but can vary based on the intent.