Use a Letter of Intent if: You want to take serious steps towards negotiating the purchase of all or part of a company. You want to secure your interest in a company and request that the sellers exclude negotiating with another buyer.
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?