Letter of Intent, Memorandum of Understanding


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Letter of Intent, Memorandum of Understanding
Letter of Intent, Memorandum of UnderstandingA letter of intent (LOI), or memorandum of understanding (MOU), is a document that records a preliminary understanding between parties who intend to take some actions leading to an outcome of interest for both.A first LOI between the parties is an assurance LOI, which has the purpose to state the seriousness of an intention to advance in further negotiations between the parties, and can be requested by third parties such as prospective lenders, financial institutions, and board of directors.After advances in the contacts between the parties, a
Citation
Gabriele Zini: Green Electrical Energy Storage: Science and Finance for Total Fossil Fuel Substitution. Letter of Intent, Memorandum of Understanding, Chapter (McGraw-Hill Professional, 2016), AccessEngineering Export