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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 .
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.
After the attorney assured Lucy that the title was clear, he wrote a letter to Zehmer asking when he intended to close the deal. In his reply, Zehmer insisted that he had never intended to sell the farm and that the note signed by him and his wife was written in jest, consistent with the jovial atmosphere and drunken camaraderie the parties ...
Coeur Enters Into Letter of Intent to Sell Non-Core Assets for up to US$67 Million in Total Consideration COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Coeur d'Alene Mines Corporation (the "Company" or ...
The details of the official offer were made public on Wednesday, when OpenAI’s lawyers submitted the four-page letter of intent in a court filing on Wednesday, revealing that Musk, ...
Tel Aviv, Israel, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, initiated steps for a strategic expansion with the execution of a non-binding Letter of Intent (LOI) to sell its U.S. subsidiary, Smart ...
Newmont Signs Letter of Intent to Sell Midas Operation in Nevada to Waterton Global Proposed transaction subject to completion of acquisition agreement and other terms DENVER--(BUSINESS WIRE ...
In this sense, an obvious joke cannot become the basis of an offer because the potential offeror lacks actual intent to enter into an exchange. [7] For instance, in the famous case of Leonard v. Pepsico, Inc., depiction of a military aircraft offered in exchange for "Pepsi Points" was interpreted by a court as a joke. Despite having clear terms ...