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.
Full Definition of TORSO. 1. : a sculptured representation of the trunk of a human body. 2. : something (as a piece of writing) that is mutilated or left unfinished. 3. : the human trunk. See torso defined for English-language learners. See torso defined for kids.