| Commentary

18 Letters of intent

| Commentary

18 Letters of intent

There is a danger of confusion when talking generally about letters of intent. There are two distinct types: those that create no rights and liabilities, and those that do. The first is a document which expresses an intention on the part of party A to enter into a contract in the future with party B, but creates no liability in regard to that future contract and is expressly designed to have no binding effect whatsoever. The second, which has become increasingly common in recent years in the construction industry, is a form which, while it does

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial