Parties typically believe that their letter of intent is not a legally enforceable agreement. Instead, they consider the letter to be merely a summary of the major terms of the transaction which are then to be included in a full, and often lengthy, contract which is signed by both parties. Problems arise with letters of intent where the LOI itself contains provisions stating that the parties agree to one thing or another.
Also view show at: https://bottledbusinesssenseshow.com/bottled-business-sense-show/
WFB Legal Consulting–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group