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  2. 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.

  3. Letter of intent - Wikipedia

    en.wikipedia.org/wiki/Letter_of_intent

    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 .

  4. Read the full letter of intent Elon Musk’s lawyer sent to ...

    www.aol.com/finance/read-full-letter-intent-elon...

    Elon Musk and the investors, which include 8VC, Vy Capital, and Valor Equity Partners, among others, said in the letter that they would pay $97.375 billion “in cash” for the operating assets ...

  5. Intention to create legal relations - Wikipedia

    en.wikipedia.org/wiki/Intention_to_create_legal...

    The context and circumstances of conversation between the purported contracting parties may be of great relevance in determining whether intention to create legal relations exists. For instance, agreements being "made in a highly informal and relaxed setting" [ 2 ] or being "expressed in vague language" or being "made in anger or jest".

  6. Reasonable person - Wikipedia

    en.wikipedia.org/wiki/Reasonable_person

    The intent of a party can be determined by examining the understanding of a reasonable person, after consideration is given to all relevant circumstances of the case including the negotiations, any practices the parties have established between themselves, usages and any subsequent conduct of the parties. [15]

  7. Memorandum of understanding - Wikipedia

    en.wikipedia.org/wiki/Memorandum_of_understanding

    In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).

  8. Exceptional and extremely unusual hardship - Wikipedia

    en.wikipedia.org/wiki/Exceptional_and_extremely...

    The terms "exceptional and extremely unusual hardship" and "extreme hardship" are not synonymous but obviously different from each other. [ 1 ] Under the INA, effects of certain grounds to deportability can be waived by immigration officers under the U.S. Secretary of Homeland Security or by immigration judges under the U.S. Attorney General .

  9. Necessary and Proper Clause - Wikipedia

    en.wikipedia.org/wiki/Necessary_and_Proper_Clause

    The Necessary and Proper Clause, also known as the Elastic Clause, [1] is a clause in Article I, Section 8 of the United States Constitution: The Congress shall have Power... To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government ...