This letter does not commit my client to an employment contract. It just grants you the right to use his name in the development of this project for a period not to exceed one year. As you can see ...

For example, most mergers and acquisitions begin in earnest with a term sheet, which functions as a letter of intent. The term sheet states the intentions, purchase price, and payment terms.

A letter of intent (LOI) outlines the terms of a deal and serves as an “agreement to agree” between two parties.