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"letters of intent" is correct and usable in written English.
It is frequently used in business contexts when one party is proposing a deal to another party. For example, "We have received the letter of intent from the Smith Corporation and are currently in negotiations to finalize the details of the deal."
Exact(55)
"I've seen dozens of letters of intent.
Several other airlines have written letters of intent.
He said letters of intent had been signed for both.
Letters of intent for proposals are due June 1.
Excluding Florida and Notre Dame, all of Henderson's finalists sent him letters of intent.
Rutgers Coach Mike Rice has received letters of intent from three players for next season.
The company says it has signed at least 17 letters of intent with potential developers.
Rutgers University has signed three players to national letters of intent, Coach Kevin Bannon said yesterday.
Between 1997 and 2000, five groups filed letters of intent to petition for federal recognition.
Five of the 24 female players have signed letters of intent to attend Connecticut.
Similar(1)
As a result, the role of National Letters of Intent (NLIs) has come under scrutiny.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com