A letter of intent (LOI) has a few functions. When used in business, this document declares the initial obligations of one person or company to do business with another person or company. An LOI outlines the plan, but it's non-binding until the document specifies that parties are legally bound to the terms.

In most other cases, like attending a specific graduate school, applying for a job, purchasing real estate, or accepting a scholarship, you can easily confuse an LOI with a cover letter. However, a letter of intent is more general and focused on a company than on a specific job.

Usually, a legal team creates this type of letter. If you can't delegate forming an LOI to a legal team or you want to write and sign a letter of intent online on your own, follow the steps below:

Specify the name of the recipient. Clearly state the recipient.
Include a greeting. When possible, address a recipient by their title to avoid using a generic "Dear Mr./Mrs." or "Dear Sir/Madam."
Write the body. State your letter's purpose it in the first body paragraph.
Finish professionally. Write a professional closing and type your name at the end.
Sign a letter of intent. Go to the signNow website, log in to your account, upload a file, and insert a legally-binding eSignature. Then, export it by emailing it or downloading it to your device.

What is the best eSignature software for business operations?

There are many eSignature services available in today's market. However, few of these eSignature services satisfy customers' needs. signNow offers the most features for the most affordable price. It is accessibility, straightforward, and easy-to-use. signNow’s user-friendly interface lets users create or collect electronic signatures, insert fillable fields, and request attachments effortlessly.

When you utilize signNow, you can easily fill out and sign a quitclaim deed, prepare and sign a business plan template online, or deal with any other document management-related task. Our service has multiple advantages because it is:

Cloud-based. There is no need to install additional software. Send and eSign documents right from your web browser or the mobile app.
User-friendly. Start eSigning as soon as you register for an account. signNow makes eSigning easy even for first time users.
Secure. Top security features make signNow compliant with critical global data protection regulations, so you can confidently sign any letter of intent.
Professional. Automate and streamline tasks with bulk sending, signing orders, and customizable messaging.
Mobile. With our electronic signature for iPad/Android/iOS: your retail, commercial, and individual business tasks will be solved in a couple of clicks without needing to go to the office.

May I sign an arbitration agreement online?

Yes, you can sign an arbitration agreement online. You can use signNow’s industry-leading eSignature service to create legally-binding electronic signatures.

signNow meets the requirements of UETA and ESIGN Acts, so your signatures will be legally-binding and court-admissible. You don't have to configure anything: your very first eSignature created with signNow will be entirely valid. You can also request signatures from others, making it easier to sign an Arbitration agreement or sign a Terms of use agreement that requires signatures from two or more parties.

Can I sign a quitclaim deed online?

Usually, all deeds must be notarized, and not all states allow notarizing documents online. However, if you have a quitclaim or warranty deed template, you can easily fill out the blanks with signNow using Text or Magic Fields tools. In some states, you'll be able to sign a quitclaim deed, print it, and confirm your signature in front of a notary to recognize your document as valid. Please check your state's laws or ask your local lawyer to get the most updated and relevant information.

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