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A letter of intent ( LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, [ 1] joint venture agreements ...
The National Letter of Intent ( NLI) is a document used to indicate a student athlete 's commitment to participating in National Collegiate Athletic Association (NCAA) colleges and universities in the United States. The NCAA Eligibility Center manages the daily operations of the NLI program while the Collegiate Commissioners Association (CCA ...
Malicious compliance. Malicious compliance (also known as malicious obedience) is the behavior of strictly following the orders of a superior despite knowing that compliance with the orders will have an unintended or negative result. It usually implies following an order in such a way that ignores or otherwise undermines the order's intent, but ...
Letter of comfort (contract law) A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not ...
The letters of last resort are four identically worded handwritten letters from the prime minister of the United Kingdom to the commanding officers of the four British ballistic missile submarines. [A] They contain orders on what action to take if an enemy nuclear strike has both destroyed the British government and has also killed or otherwise ...
A set of heads of agreement, heads of terms, or letter of intent is a non-binding document outlining the main issues relevant to a tentative sale, partnership, or other agreement. [ 1 ] A heads of agreement document will only be enforceable when it is adopted into a parent contract and is subsequently agreed upon, unless otherwise stated.