Letter of Intent

OrganizationMentioned in 1 video

A non-binding contract used to signal a customer's intent to buy a product once it's ready, serving as a way to prove demand when pre-sales are not feasible (e.g., due to FDA regulations).

Videos Mentioning Letter of Intent

Jared Friedman - Advice for Hard-tech and Biotech Founders

Y Combinator

A non-binding contract used to signal a customer's intent to buy a product once it's ready, serving as a way to prove demand when pre-sales are not feasible (e.g., due to FDA regulations).