LOI is a Legally Worthless Document That Means Virtually Nothing _ As a practical matter, in legal terms, the Letter of Intent is a worthless and meaningless document. The LOI is a badly flawed legal document. This is because the document is, as one experienced contract law expert put it, "an agreement to agree which is non_binding and non_enforceable as a contract."
If you are writing a letter of intent for a business then there a few things you need to keep in mind. You may start your letter by mentioning your name, address, email address and contact number on the top left corner.