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These documents are similar and are often used interchangeably. While they vary a bit from each other, they are used for the same purpose which is to show intent and an agreement to agree. Most are considered "nonbinding" unless the wording is included to make it binding.

Without job-level specifics, it can be tempting to get stuck in an "I'm awesome" loop without giving enough specifics. If you have a general idea of what job groove you'd be seeking at this particular company, build your letter body around that. If you're truly just trying to get a foot in the door at a company, you can use clues from your research about the company. What does their website say about their mission and priorities? What do current and past employees say about the company in online chatter? Even without specifics, you can cobble together a pretty good idea of what the company is seeking in potential employees. Sell your skills and experience points that are special to you, and especially relevant to your industry.

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