PyroGenesis Inc T.PYR

Purpose of a Letter of Intent (LOI)

[Thinkbigsti69]

@helloween "Purpose of a Letter of Intent (LOI) Letters of intent may be used by different parties for many purposes. Parties can use an LOI to outline some of the basic, fundamental terms of an agreement before they negotiate and finalize all the fine points and details. Furthermore, the LOI may be used to signal that two parties are negotiating a deal such as a merger or joint venture (JV). Overall, LOIs aim to achieve the following: Clarify which key points of a deal must be negotiated. Protect all parties involved in the deal. Announce the nature of the deal, such as a joint venture or a merger between two companies. Applications of a Letter of Intent (LOI) In the context of business deals, LOIs are typically drafted by a company's legal team, which outlines the details of the intended action. For example, in the merger and acquisitions (M&A) process, LOIs detail whether a firm plans to take over another company with cash or through a stock deal." https://www.investopedia.com/terms/l/letterofintent.asp