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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 .
Blue chip athletes often end recruiting with a hat selection ceremony in which they make an oral commitment, which generally leads to the formal signing of a National Letter of Intent. National Letters of Intent may only be signed by prospective student-athletes who will be entering a four-year institution for the first time in the academic ...
Oversigning - is an unofficial term for the practice of American college athletic departments signing recruits to a National Letter of Intent (NLI) that may exceed the maximum number of athletic scholarships permitted by the National Collegiate Athletic Association (NCAA). The NCAA limits the total number of scholarships that may be awarded in ...
Oversigning (also spelled over-signing) is an unofficial term for the practice of American college athletic departments signing prospective student-athletes to a National Letter of Intent (NLI) that may exceed the maximum number of athletic scholarships permitted by the National Collegiate Athletic Association (NCAA).
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.
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