letter of intent; LOI
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
letter of intent; LOI; document signed during business activities indicating the intentions of both parties
formalA preliminary document expressing the intention to enter into a formal agreement, often non-binding but indicating serious commitment to negotiations.
Liǎng两
jiā家
gōng公
sī司
zuó昨
tiān天
qiān签
shǔ署
le了
hé合
zuò作
yì意
xiàng向
shū书
。
The two companies signed a letter of intent for cooperation yesterday.
Zhè这
fèn份
yì意
xiàng向
shū书
bìng并
bù不
jù具
yǒu有
fǎ法
lǜ律
yuē约
shù束
lì力
。
This letter of intent is not legally binding.
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Zài在
zhèng正
shì式
shōu收
gòu购
zhī之
qián前
，
shuāng双
fāng方
xiān先
qiān签
dìng订
le了
yì意
xiàng向
shū书
。
Before the formal acquisition, both parties first signed a letter of intent.