letter of intent

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letter of intent

Formal written notice given by one party to another of a commitment to pursue an action, e.g., of a plan to bring suit against another party or to take on an assignment on behalf of that party.
References in periodicals archive ?
A new LOI method has been developed that uses a microwave muffle furnace and crucibles to obtain combustion.
After cooling, the samples are reweighed and the weight loss (in percent) is recorded as the LOI at 1800F.
The LOI is a non-binding document and neither party is currently under an obligation to close the transaction or to take any of the steps anticipated within the transaction.
The LOI provides the basis for the parties to negotiate and if agreed, execute, a binding Exploration and Development Agreement ("Agreement") at which time further details will be disclosed.
In the case at bar, the LOI was executed on September 21, the proposal was submitted on October 29, the deal was consummated on November 19, and the contract was awarded on July 8 of the following year.
Yes, an LOI may be binding and enforceable if it includes such material terms as the parties, the price and the property, unless it clearly states that it is not binding.
DSAMS can be used to create both the LOI and an amendment to the LOI.
The terms of the acquisition, as defined in the LOI between SHCS and PTSH, call for SHCS to transfer 88.
Le Mouvement pour la democratie paritaire (MPDP), estime que la discussion en meme temps des trois projets de lois est en elle-meme une initiative salutaire, positive et importante du fait de la forte correlation entre les trois projets de lois.
Entre autres demandes, les ouvriers ont donc appele a abroger toutes les lois criminalisant les greves et les sit-in et a une annulation de toutes les legislations emises pour la repression et l'etouffement des libertes.
Khartoum, 22 Avril (SUNA) - Le Parlement a adopte a l'unanimite , a sa seance lundi preside par Dr Al-Fatih Izz-Addin, de soumettre un certain nombre de lois sur l'argent public pour l'etude et la revision de resserrer les sanctions sur l'argent public vers le maintien et la realisation des principes de transparence et de bonne gouvernance.
En 1890 ,a dit le juge Mustafa ,une loi a ete votee sur les regulations des aliments locaux pour elaborer des specifications et apres des lois se sont succedees ,a poursuivi le juge Mustafa .