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

On an visit to Sweden last month, Zelensky signed a letter of intent to buy between 100 and 150 Gripen fighter jets.

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The advance “signals further commitment from its … customer and should provide incremental confidence that the current letter of intent will transition to a firm contract” during the fourth quarter, Amicucci wrote in a research note.

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Pakistan has signed a “letter of intent” with World Liberty Financial to cooperate on blockchain and stablecoin adoption, and has promised to allocate 2,000 megawatts of electricity toward cryptocurrency mining and data centers.

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Following the conclusion of the initial stage of bidding, 27 cities and areas, featuring a total of 33 venues, have submitted letters of intent.

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The deal, currently a letter of intent, involves a six-week feasibility review and potential power sales to entities like data center operators.

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