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LSDefine

Simple English definitions for legal terms

LOI

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A quick definition of LOI:

LOI: An abbreviation for "Letter of Intent." This is a document that shows someone's intention to do something, like buy a house or start a business. It's like a promise to take a certain action in the future.

A more thorough explanation:

Definition: LOI stands for Letter of Intent.

A Letter of Intent (LOI) is a document that outlines the preliminary agreement between two parties before the final agreement is reached. It is a non-binding document that sets out the key terms and conditions of the proposed agreement.

For example, a company may send an LOI to another company expressing their interest in a potential business partnership. The LOI would outline the basic terms of the partnership, such as the scope of the partnership, the responsibilities of each party, and the timeline for the partnership.

Another example is when a student sends an LOI to a university expressing their interest in attending the university. The LOI would outline the student's academic achievements, extracurricular activities, and reasons for wanting to attend the university.

These examples illustrate how an LOI is used to establish the preliminary agreement between two parties before the final agreement is reached.

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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