Assertion: letter | /r/HasProperty | loi
Facets:
Source sentences:
text: A party that has signed a letter of intent (LOI) may be legally bound to honor it depending on how the letter is drafted.
text: A letter of intent (LOI or LoI, and sometimes capitalized as Letter of Intent in legal writing, but only when referring to a specific document under discussion) is a document outlining the understanding between two or more parties which understanding they intend to formalize in a legally binding agreement.
text: Key Takeaways A letter of intent (LOI) may be legally binding, depending on how it is worded, and in some cases, whether a court has determined it is legally binding.
text: A letter of intent (LOI) is basically an M&A form of a marriage proposal from Buyer.