letter of intent

(redirected from LOI)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Letter of intent

An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges. In mergers, a preliminary merger agreement between companies after significant negotiations.

Letter of Intent

1. A document detailing a parent's wishes with regard to his/her minor children in the event of his/her death. For example, a letter of intent may state with whom the parent wants the children to live. While it is not a legal document, judges often use letters of intent along with other documents when determining the best interests of the children with regard to their future.

2. A document indicating a corporation's intent to undertake a merger or acquisition. A letter of intent outlines the details of the merger or acquisition, including the purchase price and whether it will be paid in cash, stock, and/or debt. It is important to note that a letter of intent it not legally binding and may not be enforced. However, an LOI shows that the company is serious in its intention and there may be reputational risk in not following it.

letter of intent

An agreement by a mutual fund shareholder to invest a specific sum over a defined period in order to qualify for reduced sales fees. The reduced fee may apply to an individual fund or to all the funds operated by an investment management group. Compare breakpoint. See also right of accumulation.

letter of intent (LOI)

A signed document between parties setting out the deal points on which they agree and leaving for later negotiation the minutia over which the lawyers will argue. In the absence of any limiting language in the LOI,it can be construed as a binding contract between the parties.Usually,however,the LOI will recite that it is only an expression of interest regarding the parties' mutual intent, that the parties have not reached an agreement regarding any terms or provisions of a contract,and the LOI is neither a contract,nor an offer capable of acceptance,nor evidence of a contract,but merely the current status of negotiations that might possibly lead to a contract.

References in periodicals archive ?
there are limits to the scope of what any contractor will perform under an LOI - at some point, it needs to be fully mobilised under a full notice to proceed.
The most common risk in using an LOI is the possibility that a dispute will arise as to whether it is legally binding.
How can the LOI protect potential buyers and sellers if a breach of one of the binding provisions occurs?
Reweigh crucibles and calculate percent weight loss as LOI.
En ce qui concerne les lois relatives a la sante et l'environnement, le juge Mustafa a passee en revue un nombre de lois prevues tels que le droit de pesticides et la lutte antiparasitaire pour l'annee 1994, la Loi sur la protection de l'environnement de 2001, la loi des forets et des ressources pour l'annee 2002 la loi sur le controle du tabac pour l'annee 2005, la Loi sur la sante publique nationale pour l'annee 2008, la loi de la sante environnementale pour l'annee 2009, la loi de pharmacologie et de toxicologie de l'annee 2009,la loi bio-securite et les toxines pour l'annee 2009, la loi nationale sur les engrais agricoles pour l'annee 2010 et la loi nationale sur la securite de 2010.
Le premier, le projet de loi 2, Loi visant a modifier diverses lois en ce qui a trait a des questions concernant les elections, a d'abord ete presente lors de la 1re session de la 40e legislature comme etant le projet de loi 201, Loi visant a modifier la Loi sur le financemeyit des elections et la Loi de 2007 sur les impots, et il a ete renvoye au Comite apres la premiere lecture.
Les projets de loi S-217, Loi modifiant le Code criminel (detention sous garde), S-211, Loi instituant la Journee nationale de la sensibilisation a la drepanocytose, et S-205, Loi modifiant la Loi sur l'Agence des services frontaliers du Canada (inspecteur general de l'Agence des services frontaliers du Canada) et modifiant d'autres lois en consequence, ont ete lus pour une troisieme fois et sont en attente d'examen par la Chambre des communes.
Eecrit par FM Projet de loi sur la loi organique des lois des finances Le gouvernement veut mettre les bouchees doubles pour faire adopter dans les meilleurs delais le projet de loi sur la loi organique des lois des finances.
Presente par la procureure generale, Madeleine Meilleur, ce projet de loi portait modification de lois relevant de la competence de plusieurs ministeres.
Les projets de lois proposes par le ministre de la Justice, le conseiller Ahmed Mekki ne cessent de soulever un tolle.
Selon un communique de l'ARP, les autres projets de lois examines sont comme suit :
La Loi sur le regime de pension des Northern Employee Benefits Services enonce le cadre legislatif pour le maintien du regime des services des Northern Employee Benefits Services en tant que regime interentreprises a lois d'application multiples pour les travailleurs d'employeurs approuves du secteur public du Nord canadien.