![Letter of intent Letter of intent](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_1160,h_1638/https://commercial-insurance.broker/wp-content/uploads/wl/2019/01/Loi_m.gif)
A letter of intent (LOI or LoI, and sometimes capitalized as Letter of Intent in legal writing, but only when referring to a specific document under discussion) is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to a heads of agreement. Such agreements may be Asset Purchase Agreements, Share Purchase Agreements, Joint-Venture Agreements and overall all Agreements which aim at closing a financially large deal.