letter of intent

noun phrase

: a written statement of the intention to enter into a formal agreement

Examples of letter of intent in a Sentence

Recent Examples on the Web
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The company has secured a binding letter of intent to acquire SKNY Pharmaceuticals Inc., which will bring SKNY-1, a drug candidate for weight loss and smoking cessation, into MIRA's pipeline. Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025 Portillo’s submitted a letter of intent to Thornton’s planning department in August, city records show, with the goal of opening a restaurant at 251 E. 136th Ave, near In-N-Out Burger, Raising Cane’s and the Denver Premium Outlets shopping center. Katie Langford, The Denver Post, 20 Mar. 2025 Lakeside Circle signed a letter of intent with a potential tenant, which operated a go-kart and mini-bike facility, which also offered axe-throwing, virtual reality games and other activities. Justin Gest, Newsweek, 11 Feb. 2025 However, a selling company’s bargaining power is greatest prior to signing a letter of intent or term sheet. Allbusiness, Forbes, 11 Jan. 2025 See All Example Sentences for letter of intent

Word History

First Known Use

1941, in the meaning defined above

Time Traveler
The first known use of letter of intent was in 1941

Browse Nearby Words

Cite this Entry

“Letter of intent.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/letter%20of%20intent. Accessed 18 Apr. 2025.

Legal Definition

letter of intent

see letter sense 1

Last Updated: - Updated example sentences
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