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What is an ICPO (Irrevocable Confirmed Purchase Order)?

What is an ICPO Simply put, ICPO is a document similar to a letter of intent (LOI) used by companies to communicate their intent to enter into a transaction with a foreign-based company and provide verification of purchasing terms, banking information, and company financials. What an ICPO does ? It will show the willingness of“What is an ICPO (Irrevocable Confirmed Purchase Order)?”

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What is a LOI or ‘Letter of Intent’

What is a LOI A letter of intent (LOI or LoI, and sometimes capitalized as Letter of Intent in legal writing, but only when referring to a specific document under discussion) is a document outlining one or more agreements between two or more parties before the agreements are finalized. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Such“What is a LOI or ‘Letter of Intent’”

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