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.
[Latin, Parent of the country.] A doctrine that grants the inherent power and authority of the state to protect persons who are legally unable to act on their own behalf. The parens patriae doctrine has its roots in English Common Law.