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LSDefine

Simple English definitions for legal terms

LOI

Read a random definition: go bail

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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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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