A letter of intent [LOI] is a document outlining the understanding between two or more parties which understanding they intend to formalize in a legally binding agreement.  Many LOIs, however, contain provisions that are binding, such as those governing non-disclosure, governing law, exclusivity or covenants to negotiate in good faith.

Proof of Funds is a document that demonstrates how much money a person or entity has available. Usually this document comes from the Bank or an Escrow account. When purchasing a large order of products, a POF shows the seller that the funds cover the purchase costs of a transaction. It’s important to note that your funds must be liquid. This means that mutual funds, life insurance, another person’s bank account, shares and bonds, or proof of other possessions do not qualify as POF.

If your funds are all in one place, you can likely get your POF in 1 day. If you are moving funds from one bank to another, it can take several days. 

There are several types of funds that qualify as POFs. In some transactions, simply having a bank statement from your bank or printed online can qualify. Additionally, a certified financial statement or copy of a money market account balance will qualify. Other times, you will need a letter from your bank or financial institution that states the exact amount of accessible or liquid funds that you have available.

Proof of Funds must be in the name of the purchasing entity OR an attorney Letter of Attestation explaining the relationship between the entities on the POF and LOI.

A purchase order is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers.

A Proof of Funds letter must include the following:
• Your bank’s name and address
• An official bank statement, either printed at a branch or as an online statement
• Balance of total funds in the account
• Balance of funds in checking or savings account
• Copy of an online banking statement
• Might require the signature of an authorized bank employee or notary
• Includes the date that the funds were in the account

A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA) or secrecy agreement (SA), is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to. 

It is a contract through which the parties agree not to disclose information covered by the agreement. An NDA creates a confidential relationship between the parties, typically to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information. Like all contracts, they cannot be enforced if the contracted activities are felonies. NDAs are commonly signed when two companies, individuals, or other entities (such as partnerships, societies, etc.) are considering doing business and need to understand the processes used in each other's business for the purpose of evaluating the potential business relationship.