In Corbin on Contracts, a highly respected 14-volume law book updated twice yearly, the late Arthur Corbin commented on a letter of intent in the following terms: “‘¦ a letter of intent is ...

Find out when a letter of intent (LOI) is binding and non-binding. Understand the role of drafting language, and when an LOI is treated like a contract.

A signed letter of intent is considered standard practice for any material acquisition or divestiture transaction and a critical first step in the give-and-take process of completing a deal.

A letter of intent, or LOI, is a document that states one party’s intent to do business with another. These letters are used in various contexts but are most commonly written in real estate ...

Both a letter of intent and a memorandum of understanding establish business agreements. Neither term has a strict definition, so they are sometimes used interchangeably.

Drafting a letter of intent, or “LOI,” is a prudent step, setting out the major terms in black and white, cutting off futile negotiations, helping a deal move forward, and even reducing legal ...

In commercial real estate transactions, whether it’s a purchase or lease, letters of intent are ubiquitous. They appear absolutely harmless. After all, ...

In their Real Estate Litigation column, Todd E. Soloway and Joshua D. Bernstein, partners at Pryor Cashman, examine the question: What happens when parties execute a letter of intent involving a ...