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A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.
A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the prevailing accounting standards.
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 .
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Olena Ruban/Getty Images. 4. Incompatible: Taurus and Aquarius. The zodiac’s bull is stable and predictable, especially in matters of the heart.That can spell romance and reliability for some ...
A 'letter' is a formal, printed (handwritten or typed) message from one person to another. ... Letter of Aristeas; Letter of comfort (contract law) Letter of credence;
President Joe Biden on Tuesday enacted the first federal anti-hazing law, marking the end of a yearslong push by victims' families for more transparency and accountability on college campuses ...
Taste the restaurant's beloved house black daal and okra fries without leaving the comfort of your kitchen. ... All of the items she'll receive are sample-sized — perfect for traveling with ...