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Add Letter of Intent Template initials

hello friends uh my name is razamasu today we will discuss about a topic letter of intent uh friend today's topic is very easy to understand and i'm very hopeful that you can very easily understand the topic uh friend this topic is uh basically pertaining to or related to uh business uh management or project management whenever we are making uh contracts or whenever we are making business we are doing business so this concept of letter of intent came uh friend if you are a student and studying project management or business if you are studying so friend with respect to exam point of view this topic is important you will see this topic in the exam at least four to five questions uh you will see this topic if especially if you talk about pmp exam or project management exam at least four to five questions will be there in the exam which are related to this topic letter of intent also friend if you are a professional project manager and working in any organization as a professional project manager and business manager so again this topic is important and you must have to know that what is letter of intent and how to deal with it how to make the letter of intent so friend let's start first of all i would request to please subscribe to my channel and click on the bell option as well so that my new videos can reach to you so let's start letter of intent friend if you just see uh the term letter of intent friend this topic you just think of intent mean intention a letter of intent uh a letter of intention or letter of interest outlines the intention or intent of one party relative to another these types of letters can be used in a variety of situations including business negotiations to signal the intent to purchase real estate or by recipients of scholarships or college admissions to indicate the intent to accept a formal offer basically friend uh this was only just a definition see whenever we are doing business or whenever we are basically doing some agreements or we are going to move some uh contracts and agreements basically letter of intention or letter of intent or letter of in interest basically it shows uh to other party that if you are interested so you will you will give some letter of intent or letter of in interest basically for example friend um uh you are for example you are you want to purchase some hardware okay and some party give you a letter of intent a letter of intent means that the other party want to give you the uh we want to give you the hardware so if some someone wants to show his interest so they can give a letter of intent letter of intent means the initial level of documentation initial level of uh interest basically between the two parties they basically tells you that they are interested to purchase your goods your services your hardware software so basically whenever we whenever the two parties are working together and the one party want to show his interest his intentions in your in purchasing your goods services software hardware etc so they will give a letter of intent basically letter of intent means basically they are showing interest in your business in your work to work with you so that is why they give a letter of intent so basically letter of intent or letter of intention or letter of interest basically is basically a a letter which outlines the intent of one party relative to to another that is called as letter of intent friend so friend what are the key points here of related to letter of intent a letter of intent is a document declaring the preliminary commitment of one party to do business with another the letter outlines the chief terms of a prospective and is commonly used in business transactions loi are useful letter of intent are useful when two parties are initially brought together to hammer out the broad strokes of a deal before resolving the uh finer points of transaction basically one for example for a friend you want to sell something okay the other one other party want to purchase the uh your goods or services so they will give you a letter of intent so it is a very initial level of documentation very initial level of communication so that they just show that they are interested in your good services and after uh basically it's a very initial level of documentation after that the uh other documentation other communication can be other transactions can be done at a later stage however the later of intent it is a very initial level of documentation which we start at a very initial level friend what is the purpose of making the letter of intent first of all friend the letter of intent clarify which key points of our deal must be negotiated basically it jot down it's basically uh point out the key points for discussion protect all properties involved in the deal announce the nature of the deal such as joint venture or merger between two companies so that is called as a legal uh that is called as letter of intent so basically friend see contract or agreement it is a very uh solid legal document which came after several several discussion it came to a point at which the two parties signed the document however think of a document which is a very initial level document which is basically far beyond which is far earlier than the contract at this level of point you just submit a document of letter of interest in which you just mention the points which are negotiable which needs some discussion and also nature of deal what type of deal you are going to do for example you are going to make a joint venture or you are being going to make a merger etc etc so these sorts of points should be sorted out should be mentioned in the letter of interest document for example friend in the context of business deal are typically uh drafted by a company's legal team which outlines the details of the for uh intended action for example in the merger and acquisition process alloy detail whether firm plans to take over another company with cash or through a stock or deal for example for example for a friend you want to sell a company abc the other company uh send a letter of interest that they want to purchase and or merger in a company and they will also mention that they will do it through the cash or through the stock deal etc etc so that is the main example of letter of interest there letter of interest also have applications beyond the business world for example parents may use them to express the expectations they have for their children in the event both parents die although they are not legal documents like will's alloy may be considered by family court judge responsible for legislating what happens to the children under such circumstances friend and just think of a loi another document just before the bill it is not a will document uh that if the parents think that if in case both parents like father and mother both die in some in some case so what will happen what will uh what will be what will happen with the children so this is not uh so loi is not a legal document however uh it will be uh considered as a document which can be discussed which can be considered in a uh can considered by the judge as well okay friend uh in the last i just want to show you a sample document of the uh the loi letter of intent basically uh just think of a document letter of intent is basically nothing else just think of a document which is which is showing your interest in the in other parties other parties business friend whenever we are making business whenever doing doing business with someone else two parties or more than two parties so letter of interest is letter of intent is basically a document which we make at a very early stage of our business the purpose of the making of letter of intent is that we basically sort down the things we mentioned the things which are negotiable which needs discussion and also the nature of contract which we are going to do in the future like it will be a joint venture it will be a contract whatever the type of contract which we are you are going to do in the uh future you have to mention those in the uh in the doctor and the letter of intent so letter of intent means letter of interest which you make at a very early stage of a business so that you can show your interest in the business or to do business with other party so friend thank you thanks a lot for your time and that's all from my side i hope you like this video if you like please share it with your friends and 30 clicks and thanks a lot for your time