a letter of intent (sometimes referred to as a letter of interest) outlines the intent of one party relative to another. in business, a letter of intent is commonly used as an initial proposal to the other party. whatever may be your case, you can use our free letter of intent template as a guide. simplify the process of writing a letter of intent by starting with this template. we hereby submit a letter of intent to purchase your business rain gutters r us, its inventory and other assets.