letter of intent

noun phrase

: a written statement of the intention to enter into a formal agreement

Examples of letter of intent in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Tips to Get a Business Deal Done Quicker To help close a deal quickly and efficiently, consider these actionable tips: Consider having a letter of intent or term sheet: This is typically non-binding but is a way to ensure that the parties are in agreement in principle on the big-picture issues. Allbusiness, Forbes.com, 16 May 2025 So far, the developer has secured a letter of intent for a daycare to operate in one of the stand-alone commercial buildings. Frederick Melo, Twin Cities, 15 May 2025 In the four states in which NIL is highly restricted, including Mississippi, Arkansas and Missouri, athletes must navigate rules such as being eligible for NIL only after signing a letter of intent to a college or university in that state. Pablo Suarez, Baltimore Sun, 7 May 2025 Taiwan’s state oil and gas company CPC Corp. signed a letter of intent in March to purchase six million metric tons of gas from Alaska LNG, said Brendan Duval, CEO and founder of Glenfarne Group, the project’s lead developer. Spencer Kimball, CNBC, 20 Apr. 2025 See All Example Sentences for letter of intent

Word History

First Known Use

1941, in the meaning defined above

Time Traveler
The first known use of letter of intent was in 1941

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Cite this Entry

“Letter of intent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/letter%20of%20intent. Accessed 25 May. 2025.

Legal Definition

letter of intent

see letter sense 1

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