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A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.
A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the prevailing accounting standards.
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
LSFW, meaning Less Safe For Work. Used in corporate emails to indicate that the content may be sexually explicit or profane, helping the recipient to avoid potentially objectionable material. MIA, meaning Missing In Action. Used when original email has lost in work process. NIM, meaning No Internal Message. Used when the entire content of the ...
Among numismatists (coin collector-research specialists), cf. may be used in references on the paper and/or online coin identification information meaning "compare to". It is common for abbreviations of listings in trusted coin catalogues or sales from certain online auctions to be cited when identifying a particular coin.
Letters, especially those with a signature and/or on an organization's own notepaper, are more difficult to falsify than is an email, and thus provide much better evidence of the contents of the communication. A letter in the sender's own handwriting is more personal than an e-mail and shows that the sender has taken the effort to write it.
The Federal Aviation Administration issued temporary flight restrictions prohibiting drone flights over parts of New Jersey following an influx of sightings in recent weeks.. The notice, which ...
Side letters may also be used in relation to private fund contracts, for example a particular investor may wish to vary the terms of a limited partnership agreement with respect to that particular investor. An investor might be seeking more favourable terms under the contract or might need the side letter to enter the venture under terms to ...