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  2. Letter of intent - Wikipedia

    en.wikipedia.org/wiki/Letter_of_intent

    Often it is necessary to officially begin the process of a purchase, and allow all peripheral interested parties to begin any other processes, with a letter of intent. For example, a multimillion-dollar loan for a commercial property may require a letter of intent before a financial institution will allow personnel to spend time working on said ...

  3. Letter of comfort (contract law) - Wikipedia

    en.wikipedia.org/wiki/Letter_of_comfort...

    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.

  4. Commercial property - Wikipedia

    en.wikipedia.org/wiki/Commercial_property

    Letters of Intent are used to outline the major terms of an offer in order to avoid unnecessary costs of drafting legal documents in the event the parties do not agree to the terms as drafted. Once a Letter of Intent is signed by both parties, a purchase and sale agreement (PSA) is drafted. Not all commercial property transactions utilize a ...

  5. Want To Buy a House on a Low Income? Here Are 4 Expert ... - AOL

    www.aol.com/want-buy-house-low-income-110150781.html

    Buying a house is an expensive proposition for nearly everyone, but it’s particularly challenging for low-income Americans without a ton of money to spend. The median sales price of a U.S. home ...

  6. Coyotes say they've executed a letter of intent to buy land ...

    www.aol.com/news/coyotes-theyve-executed-letter...

    The Coyotes said Wednesday that owner Alex Meruelo has executed a letter of intent to buy a piece of land for a potential arena in Mesa, Arizona, a positive development for the NHL team in its ...

  7. Offer and acceptance - Wikipedia

    en.wikipedia.org/wiki/Offer_and_acceptance

    For example, in some jurisdictions, a minimum requirement for sale of goods contracts is the following four terms: delivery date, price, terms of payment that includes the date of payment, and a detailed description of the item on offer including a fair description of the condition or type of service.

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