Free Letter of Intent Template

A letter of intent is a formal document that specifies the plans or intentions involved in any type of agreement or deal. The letter outlines the primary details and key points involved in the potential agreement. A letter of intent may also be viewed as a legal document in many cases. The primary purpose of the letter, as its name indicates, is to formally announce one party's official .

Letters of intent, or LOIs, are used in many different businesses and settings. A letter of intent, can be used in real estate, grant making, financial investment, college applications, human resources and many other areas. These letters are extremely flexible in use and often are notarized before being sent out to the intended recipient.A letter of intent outlines an intention or proposal by one party or an agreement between two parties. The purpose of a letters of intent may be created in order to outline key points of a proposed transaction or to declare that the negotiations of two separate parties are officially being processed. Many companies use letters of intent to put other offers on hold until the first offer is either accepted or rejected. In order to announce intended projects and propose actions by other parties in conjunction, letters of intent are often required as a written notice.LOIs can also be referred to as letters of interest. A person may submit letters of interest for several different reasons, including use as a shorter cover letter when applying for a job. Letters of interest allow potential employers to gather the basic information and first impression of the candidate for position(s) available. Applicants who submit letters of interest should be to the point and be able to grab the attention of the potential employer.Letters of interest may also be used as a quasi-admissions essay for a college or university. Students should offer information relative to the program for which they are applying and be able to grab the attention of the intended recipient.Many online sites offer samples and guidelines for writing letters of intent. You can also find samples for specific industries or areas of business. For more information please see: http://www.library.pima.gov/research/guides/grantsletterinquiry.php or http://www.docstoc.com/docs/2460198/Free-Letter-of-Intent or http://rfptemplates.technologyevaluation.com/how-to-write-a-letter-of-intent.html