Oklahoma Statements of Future Intentions or Promises are legally binding documents that are signed by two parties. These documents are used to set forth the promises and expectations of each party involved in a business transaction or agreement. The Oklahoma Statutes of Future Intentions or Promises specify the duties, rights, and obligations of each party, and are generally used to document a long-term commitment or agreement. The two main types of Oklahoma Statements of Future Intentions or Promises are non-binding and binding. Non-binding statements are used to express interest in a potential transaction or agreement, and do not create a legally binding obligation. Binding statements are used to formally enter into an agreement and create a binding and enforceable promise or obligation. Oklahoma Statements of Future Intentions or Promises are typically used in business transactions such as real estate purchases, employment agreements, contracts, and loan agreements. These documents must be properly executed and witnessed to be legally enforceable.