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A Letter of Intent is a written document that outlines a preliminary agreement between two parties regarding the terms of a potential purchase or other transaction. The two parties can settle on certain terms while agreeing to continue to negotiate the other terms and details of the transaction before actually signing a purchase agreement.

By now, you probably think you're familiar with all the pieces of an application package and process. You have your resume (or CV), your cover letter, your list of interview questions. And if you have those together, updated and ready to go, awesome! But there's another potential piece lurking out there: a letter of intent. Wait, what? Is that the same as a cover letter? And if not, how do you write one?

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