An internship contract allows an employer to hire an intern who agrees to work on an unpaid basis. In this video, Holl explains what employers want from a cover letter, the optimal cover letter format, and 3 key strategies for success.Utilize a Letter of Intent (LOI) to initiate negotiations for a sale, summarizing the terms of a forthcoming contract agreement. The primary goal of the letter is to show a prospective intern's interest in the position and how they think they can benefit the company. The seller and the buyer will negotiate a price and the terms that are to be included in the purchase and sale agreement. Unlock the potential of internships with our free internship agreement template. See what to include and how to get the best from your intern. Want to learn how to write a strong cover letter? Keep reading to see our favorite internship cover letter examples. Jump in, join your team, and get a taste of work on this side of the classroom.