A letter of intent is a formal statement that shows your interest in doing business with a company. It’s not legally binding, but it shows the company that you’re serious about your offer. As per the experts at LinkedIn, “Think of a letter of intent as a form of an elevator pitch in which you have three to four paragraphs to describe why you would be the best fit for an open position.”
Read on to learn more.
Letter of Intent
A letter of intent (LOI) is a short document that expresses the intention of the parties to enter into a contract. It’s not a binding contract, but it can be used to demonstrate the seriousness of the parties to enter into a contract.
The term LOI comes from real estate: when you buy or sell property, your broker will ask for an LOI that outlines what kind of sale you’re interested in making and what conditions must be met before moving on with negotiations.
Statement of Purpose
In your Statement of Purpose, you will be able to:
- Explain why you are applying to the program and how it fits into your career goals.
- Discuss your academic achievements and explain how those relate to the subject of study. You can also highlight any leadership roles or extracurricular activities that may be relevant.
- Detail any professional experience that is related to the program’s requirements.
Why Letter of Intent?
A letter of intent is a formal document. It’s an official statement indicating both parties’ commitment to work together on a deal and make it happen. It shows your interest in pursuing the purchase or sale of property, service or product; it also outlines what steps you’ll take as you do so.
You may want to use a letter of intent when someone approaches you about selling or buying something from them, especially if they’re asking for your time and attention before any contract has been signed. A letter of intent can help prevent misunderstandings between partners who are interested in working with each other but haven’t made any final decisions yet (or haven’t decided on all the details).
The term “letter” is misleading: while they often take the form of letters typed out by lawyers using big words like “hereinafter,” most letters of intent aren’t actually written down at all—they’re verbal agreements between two parties with a mutual interest in making something happen.
The letter should be effective and sound professional
The letter should be effective and sound professional. It should not contain any grammatical mistakes or spelling errors. The letter should be short and to the point. The tone of the letter should be formal but not too stiff or stuffy. To get a better idea, you can check out an online letter of intent sample.
The writer of this article has successfully done these three things, which is why I have chosen it as an example for this section!
The letter of intent is an important document for companies, as it helps them assess if you are the right candidate for the job. This means that you need to be careful when drafting your letter and make sure it sounds professional and shows why you are a good fit for their organization.