Keep me logged in until I sign out. However, courts have found letters of intent to be binding even though both parties may not have intended them to be legally binding. Letters of intent are used when a document must be presented to a potential creditor, an investor, or a corporation's board of directors before final agreement has been reached.
Letters of intent facilitate the negotiation of complex deals.
Letters of intent should contain a disclaimer that there will be no legally binding obligations, including a legal duty to continue negotiations, until an agreement is approved. All Rights Reserved. LIVE, REAL TIME Global Streaming Financial News and Business Information. Excellent legal service at your convenience. For less than you'd expect.