In term of business transactions a letter of intent may intended to use as a first part of contract. Yes! it may include a description of the transaction along with the other elements of deal. Here this letter will also include the names of the parties involved in it along with their personal and professional information. however, a business letter of intent will be served as a pre-contractual communication tool that may has approach to proposes the parties involved in a deal about the terms and conditions of contract. Apart of this it may eventually lead the parties as they’re binding in the domain of contract that can simply fell into many general categories but according to the criteria of use.
Letter of intent for Business Transactions Preview;