what does a letter of intent do in court
If you ignore one of the binding provisions in a letter of intent, you may be required to pay fees and. fines. For example, if you breached a clause that prohibited you from publicizing the letter of intent, a court could prevent further disclosure and order you to pay damages to the other party. After signing a letter of intent, do not disclose confidential information relating to the letter or the proposed transaction without the other partyâs consent. Limit the use of terms like âintend,â âdesire,â âwould,â or âmay.â