Assertion: letter | /r/CapableOf | outline the understanding
Facets:
value: between two or more parties
type: OTHER
Source sentences:
text: A letter of intent (LOI or LoI, and sometimes capitalized as Letter of Intent in legal writing, but only when referring to a specific document under discussion) is a document outlining the understanding between two or more parties which understanding they intend to formalize in a legally binding agreement.