Group: 17. 71 Student: Mirzayeva Muxtasarxon What Is the Statement of Intent?

Group: 17.71

Student: Mirzayeva Muxtasarxon

What Is the Statement of Intent?

A statement of intent, also called a letter of intent or a memo of agreement, is a formal letter used to express an intention by the writer of the letter.

Purpose

This letter is used for making sure all parties in a circumstance completely understand the terms of a proposed agreement. It is a document stating a person’s intentions in a matter.

Uses

A statement of intent is used for various reasons. Business people use them for proposals and college applicants use them for acceptance into a college. Job seekers may also use a letter of intent, although it is commonly called a cover letter; which is part of a person’s resume.

Details

Included in a statement of intent is the person’s name receiving the letter, the person’s name writing the letter, and the agreement the letter is written for. It also includes and terms and conditions that may be applicable.