A Draft Letter Of Intent is an official document that outlines the basic terms and conditions of an agreement between two parties. It is typically used when two parties are considering entering into a formal business relationship, such as a merger or joint venture. The Draft Letter Of Intent serves as a precursor to more comprehensive legal documents, such as contracts and due diligence agreements. When properly drafted, it can be used to help negotiate more favorable terms while providing some measure of certainty regarding the parties’ commitments. Draft Letters Of Intent should be written in an engaging tone in order to clearly outline the relevant principles and parameters involved in the transaction. This can help strengthen the understanding between the parties and foster confidence in their commitment to fulfill mutual goals.