Legal · Document
LOI — Letter of Intent
A document expressing the intention of one party to enter into a transaction with another, often subject to due diligence and definitive documentation.
In practice
Similar in function to an MoU. Common in M&A — the buyer's LOI sets out offer price, structure, exclusivity period and key conditions. Generally non-binding except as to specific clauses (confidentiality, exclusivity, deposit forfeiture).