Letter of Intent
A letter of intent (LOI) is a document that outlines the principal terms and intent of parties in a proposed corporate transaction, such as an acquisition, merger, or strategic partnership, and is usually non-binding except for specified provisions.
Example: A potential acquirer and a target company exchange LOIs that outline proposed price range, deal structure, a confidentiality agreement, and a 30-day exclusivity window before due diligence begins.
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