With letters ofintent, it is critical that you understand whether the agreed terms are immediately binding or if there will be no binding agreement until all terms are nailed down.
There are three basic types of written agreements, depending on the language of the agreement: agreements to agree, letters ofintent, and a fully defined, binding agreement.
按照协议用语,书面协议分为三个基本类型:协议将来达成协议(agreement to agree)、协议意向书、以及说明详细且具备约束力的协议。
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During the course of carrying out the formal agreement which has become effective, two parties must pay the related costs of goods on the basis of contract or letter of intent.