A Letter of Intent is a formal document used in businesses at the time of contracts and deals. It is also known by the name of a Cover Letter. The letter is used to give information about the contract, i.e. who the dealers are involved in the contract, the price of the deal, mergers, and their impact, etc. Try to use very professional language and do not add unnecessary details in the Letter of Intent. Below are certain guidelines that will help you in preparing an effective letter for your business. Since a letter of intent is a letter sent before the purchase order,
