Search common contracting language and take a deeper dive to discover what each means
A statement of understanding between various Parties that established a foundation for preparation of a more formal documentation of their intentions.
This documentation comes in the form of a Contract.
By using contract management software, you can store supporting records such as a Letter of Intent against the Master Contract Record.
This prevents documentation from becoming fragmented and allows you to have the right information to hand for audits, discussions or disputes.