Letter of Intent (LOI)

Letters of Intent, sometimes referred to as "memorandums of understanding," are frequently used in media transactions and are pre-contractual documents that set forth certain basic terms upon which parties intend to enter into binding definitive agreements.
Components of a LOI:
Opening Paragraph: Your summary statement. 
Statement of Need: The "why" of the project.
Project Activity: The "what" and "how" of the project. 
Outcomes 
Credentials 
Budget 
Closing 
Clients will receive both the editable Word version and the final PDF version of the document.