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A letter of intent (LOI or LoI, or ... a LOI may serve to protect both parties to a transaction. For example, a seller of a business may incorporate what is known as ...
A set of heads of agreement, heads of terms, or letter of intent is a non-binding document outlining the main issues relevant to a tentative sale, partnership, or other agreement. [ 1 ] A heads of agreement document will only be enforceable when it is adopted into a parent contract and is subsequently agreed upon, unless otherwise stated.
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.
Mesa Energy and Armada Oil Execute Letter of Intent for Business Combination HOUSTON & DALLAS--(BUSINESS WIRE)-- Armada Oil, Inc. (OTCBB: AOIL) ("Armada Oil") ...
Jeffs’ Brands Ltd (NASDAQ:JFBR) shares are trading higher on Friday after the company inked a non-binding Letter of Intent for a potential merger of its wholly owned subsidiary Fort Products ...
Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms. The difference between the two is slight and mostly a matter of style: an LOI is ...
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