Pitch Dictionary by pitch.dog
Contracts, memos & negotiation instruments · Working

Letter of intent

Also called: LOI

ELI5

A document recording intent to proceed or negotiate, whose binding effect depends on its terms.

Used in conversation

“Legal needs to review the letter of intent before we circulate the project.”

Pitch context

You may encounter “Letter of intent” in rights, contracts, finance, distribution & labour conversations or materials.

Why it matters: Explains who controls, pays for, approves, exploits or bears risk around a project.

Caution

Meaning and consequences may change by contract, collective agreement, territory or law. This entry is orientation, not legal advice.

Connected terms

  • Deal memoA letter of intent records proposed commitment or intention; a deal memo records principal agreed terms pending a long-form contract.
  • Letter of interestThe search label “LOI” can route to both entries.
Sources & evidence · 8

Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.