Outline of Material Business Terms. The Letter of Intentâs primary purpose is to outline the non-binding agreement of the parties to. material business terms without which the parties would not proceed to spend further time, energy.
A prÃ©cis is a brief summary of a book, article, speech, or other text. Plural: prÃ©cis. The basic characteristics of an effective prÃ©cis are conciseness, clarity, completeness, unity, and coherence.
preÂ·sumpÂ·tion. n. 1. Behavior or attitude that is boldly arrogant or offensive; effrontery: She was offended at the stranger's presumption in speaking in such an casual manner. 2. The act of presuming or accepting something as true: the presumption of innocence of the accused. 3.