Understanding LOI: Full Form, Importance, And Essential Elements


A Letter of Intent (LOI) is a critical document that plays an important role in real estate transactions and negotiations. It serves as a preliminary agreement outlining the key terms and conditions before the parties involved move forward with a formal contract. In this comprehensive article, we will delve into the full form, importance, and essential elements of an LOI, shedding light on its significance in the world of business and legal agreements.

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