Understanding the Legality of Online Signatures for Letter of Intent in Canada

How to eSign a document: online signature legality for Letter of Intent in Canada

foreign [Music] legal and personal affairs sometimes it's useful to formalize a future commitment with a letter of intent in this video we'll break down what a letter of intent is and cover a few different examples be sure to check out the links in our description to take a deeper dive and get started on your own letter of intent so what exactly is a letter of intent a letter of intent is a document outlining the terms of a future agreement it's written up before the parties enter into the contract at hand typically it will specify a date by which the offer contract should be executed depending on the wants and needs of the parties letters of intent can be either legally binding or non-binding non-binding letters of intent are not legally enforceable but they represent a good faith commitment by the parties to create a bonding agreement in the future you might be wondering why a document like this might be useful in real estate business transactions lawsuits immigration proceedings investing and even employment or School applications it can be helpful to declare a planned course of action in advance of signing a contract for example if someone wants to purchase a property they might present the seller with a real estate letter of intent to start the negotiation process once a letter of intent is signed the parties can confidently move forward with drafting the formal purchase agreement and related documents a letter of intent could also be used by someone seeking employment with a specific company in a job letter of intent the applicant expresses their interest in the company and outlines their qualifications this is different from a cover letter which is attached to an application for a specific job opening a job letter of intent in contrast is a way to start a relationship with a company that may not have defined roles available there are many other kinds of letters of intent for a variety of situations you might encounter you can browse templates on our website or start filling out your own letter of intent right away at the link in the description below hit that subscribe button for more on navigating everyday legal topics thanks for watching [Music] foreign