Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Think of the letter of intent (LOI) as a starting pistol. Once fired, the acquisition ...

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A lot of parents decide to homeschool their kids instead of sending them to public school. To get started, a letter or notice of intent to homeschool is often the first step in filing paperwork.

LOIs start negotiations and clarify initial deal points but are not legally binding. Common in real estate and M&A, LOIs signal readiness to engage in due diligence. Terms in an LOI often evolve as ...