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A Letter of Intent (LOI) is a document used in various contexts, including business transactions, real estate deals,and employment negotiations, to express the parties' preliminary understanding and intent to enter into a formal agreement. In a business context, a Letter of Intent may cover elements such as the purchase price, payment terms, due diligence period, and any conditions precedent to the transaction. In employment negotiations, it might include details about the job position, compensation, and key terms of employment.
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A Letter of Intent (LOI) is a document used in various contexts, including business transactions, real estate deals,and employment negotiations, to express the parties' preliminary understanding and intent to enter into a formal agreement. In a business context, a Letter of Intent may cover elements such as the purchase price, payment terms, due diligence period, and any conditions precedent to the transaction. In employment negotiations, it might include details about the job position, compensation, and key terms of employment.
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