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DocHub simplifies the process of completing form workflows from the outset!
A letter of intent is a document that outlines the terms of a future agreement, created before parties finalize a contract. It typically specifies a date by which the contract should be executed. Letters of intent can be legally binding or non-binding; the latter, while not enforceable, signifies a good faith commitment to form a binding agreement later. This document can be beneficial in various contexts such as real estate, business transactions, lawsuits, and immigration proceedings. The video tutorial provides examples and links for further exploration on how to draft a letter of intent.
