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Posts tagged with: loi

Letter of understanding for startups: Template

Recently in our weekly user interviews at Lightmeter we’ve heard enthusiastic phrases like “I need this now”, and “I’m ready to buy already”. Lucky us (it took weeks to get here)!

One way of turning such positive sentiment into a concrete and quantifiable resource is to whip out a Letter of Understanding, sometimes also referred to as a Memorandum of Understanding, and ask the other party to sign on the line.… Read the rest