Letter of Intent

/ˈlɛtər əv ɪnˈtɛnt/noun

A document outlining a preliminary agreement between two parties before a formal contract is signed.

A written statement outlining the intentions of parties before they enter into a formal, binding agreement.

Urdu

دو فریقین کے درمیان باضابطہ معاہدے سے پہلے لکھی گئی ایک دستاویز جو ان کے ارادوں کو ظاہر کرتی ہے۔

Hindi

औपचारिक अनुबंध से पहले दोनों पक्षों के इरादों को दर्शाने वाला एक लिखित दस्तावेज़।

Both companies signed a letter of intent before drafting the final contract.

Related words

memorandum of understanding

Practice

The two firms exchanged a ahead of the merger negotiations.