Glossary
Letter of Intent (LOI)
A document in which the buyer and seller set out the key points of a planned takeover, such as the price range, timeline and exclusivity. It is usually mostly non-binding in legal terms, but it is an important signal.
Related termDue DiligenceThe careful review of a company before a purchase: figures, contracts, taxes, staff, equipment and risks.Next Read moreTake over or start a company: What's a better fit for you.Next
FAQ
Frequently asked questions
What is a letter of intent?
A document in which the buyer and seller set out the key points of a planned takeover, such as the price range, timeline and exclusivity.
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