You have heard the term "letter of intent" if you have explored International business. However you might find yourself unsure and confused about how it is used.
Many newcomers to the world of international business are given confusing advice on the proper documents to use in their business. The Letter of intent / LOI is a document that many refer to, but actually is poorly understood. Without proper understanding of the document you might find yourself making mistakes in your business that will cause you great embarrassment.