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This agreement is most often used in transactions involving a purchase. Sometimes two parties will know that they want to do a business deal together, but they aren't ready to sign an actual agreement. For example, they may agree that one party will sell his or her business for a certain price, but they do not yet agree on who will take on certain liabilities of the business. The parties can sign this document to show each other a good faith intention to work out a deal. It can also help parties get on the same page as to what they expect from the purchase.

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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