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one of the questions we get a lot from our business clients is either what is a letter of intent or i need a letter of intent or the other parties ask me to sign a letter of intent and when we ask them what they're looking for what we discover is most people don't know what a letter of intent is so what is a letter of intent hello again everyone my name is tom riley and today we're going to talk about something that's almost but not quite a contract almost but not necessarily always necessary and always confusing they're called letters of intent essentially a letter of intent is as its name implies a document where parties agree that they may agree to something in the future kind of like the substitute teachers of the contract world no miss substitute teacher we're not going to have a quiz today we're going to talk about taking a quiz on another day when you're not here and when you strip a letter of credit letter intent down to what it is that's exactly what it is it sets forth the c...
