letter of intent

noun

1. a letter indicating that the writer has the serious intention of doing something, such as signing a contract in the circumstances specified. It does not constitute either a promise or a contract

Example Sentences

The two companies have signed a letter of intent and have yet to disclose specific terms in a regulatory filing.

Read more on The Wall Street Journal

And it just signed a letter of intent this month with an unnamed data-center customer looking to rent space on its campus for as long as 40 years.

Read more on Barron's

That venture crumbled as Springbok stars backed out, saying their agreements with the WRC were unenforceable letters of intent, rather than contracts.

Read more on BBC

In the future when they sign a letter of intent it should be in the form of a contract that would bind them to their school of choice for a certain number of years.

Read more on Los Angeles Times

They have also asked local officials to issue a letter of intent, which they both signed, pledging to get married.

Read more on BBC