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An engagement letter defines the legal relationship (or engagement) between a professional firm (e.g., law, investment banking, consulting, advisory or accountancy firm) and its client(s). This letter states the terms and conditions of the engagement, principally addressing the scope of the engagement and the terms of compensation for the firm.
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
It is common for a person seeking the services of a lawyer (attorney) to pay a retainer ("retainer fee") to the lawyer, to see a case through to its conclusion. [2] A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3]
The stronger version, the letter of comfort, indicates the parent organization's intention to support the subsidiary. [5] In the United States, there is a general presumption against the enforceability of letters of comfort. However, depending on the wording of the document, there may be legal liability under the rule of reliance. [6]
Last week, the government reported that U.S. job openings rebounded to 7.7 million in October from a 3 1/2 year low of 7.4 million in September, a sign that businesses are still seeking workers ...
Angelina Jolie is looking forward to putting her divorce from Brad Pitt behind her.. Now that Jolie, 49, and Pitt, 61, have hashed out the terms of their split eight years after they initially ...
Students are often asked to submit a cover letter for an internship application. Such cover letters should include examples of extracurricular and academic experiences. Despite this specific information, cover letters for internships should have a standard business letter format. The application letter, responds to a known job opening. The ...
Cam Ward sat out the second half of Miami's Pop-Tarts Bowl loss to Iowa State, with the Hurricanes falling 42-41. Social media had a lot to say:
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