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·curÂ·sor. That which precedes another or from which another is derived, applied especially to a physiologically inactive substance that is converted to an active enzyme, vitamin, hormone, etc., or to a chemical substance that is built into a larger structure in the course of synthesizing the latter.preÂ·curÂ·sor/ (preÂ´kur-ser) something that precedes. In biological processes, a substance from which another, usually more active or mature, substance is formed. In clinical medicine, a sign or symptom that heralds another.precurÂ´sory.