A letter of intent template is a formal-written document which is usually signed by both parties as a referring note which is used when a specific plan is also under discussion. It is used to write from one company to another acknowledging a willingness as well as the ability to do business. A letter of intent template might be sent by one company to another, and mostly by the purchaser to a seller to establish terms as well as conditions of the sale. It is not an agreement and cannot be enforced because it is just a document that lays out the serious intent of the writer to execute specific business tasks. However, it has some legal importance; for instance, a purchaser can reserve some goods until the final decision and the supplier will be liable to keep the things reserved. A letter of intent should be written carefully because it has legal importance as well. Therefore, people will only sign this document when they are willing to enter into a contract for achieving the objectives. Benefits of Letter of Intent: The letter of intent is basically a legal document that is generated to determine the willingness and ability of