letter of intent

British  

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

Micron said Saturday that it had signed a letter of intent to acquire an advanced semiconductor manufacturing fabrication site from Powerchip Semiconductor Manufacturing Corp.

From Barron's

On Saturday, the Boise, Idaho-based company said it has signed a letter of intent to acquire an advanced semiconductor manufacturing fabrication site from Powerchip Semiconductor Manufacturing Corp.,

From The Wall Street Journal

He said the termination now calls into question the previously signed letter of intent.

From MarketWatch

The exclusivity period provided in the letter of intent expired on Dec. 9.

From Barron's

Edison football player Devyn Blake signs his letter of intent for Sacramento State.

From Los Angeles Times