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Letter of Intent

A letter of intent is a letter, note or memorandum setting out a clear intention to take a certain course of action or to enter into a formal agreement. In particular, a letter or other form of writing confirming an intention to enter into a bargain, without intending to create any legally binding contract.  After a letter of intent is submitted in acceptable terms, both parties usually negotiate in good faith upon the details of the final contract.  A letter of intent is not a contract and cannot be enforced, it is just a document stating serious intent to carry out certain business activities.  US Legal Forms has letters of intent for many different applications which can be modified to suit your individual needs.  Simply select the appropriate State and choose the letter of intent which best meets your needs.