Intangible assets have been argued to be one possible contributor to the disparity between company value as per their accounting records, and company value as per their market capitalization. 1  Considering this argument, it is important to understand what an intangible asset truly is in the eyes of an accountant.
The challenge is that a letter of intent can be, at the same time, both binding and nonbinding. And when drafted to resemble an official contract, even letters of intent that specifically say they are not binding might be held by a court to be binding in whole or in part for a variety of reasons.
Use letter of intent (LOI) in a sentence. You can sign a letter of intent if you wish to purchase a product at a later date but can't do it at the current time. The letter of intent was thoroughly scanned and examined by the team's lawyers to ensure that all terms previously agreed upon were in fact present. 15 people found this helpful. Signing a letter of intent will let someone know you are very serious about the offer you are making and they can rely on you.