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foreign [Music] legal and personal affairs sometimes its useful to formalize a future commitment with a letter of intent in this video well 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 its 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 inv
