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Awful Letter O Intent

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"Parties to a transaction sometimes intentionally create a letter of intent as an expression of what they intend to agree upon should certain circumstances arise... [whatever happens], the document will not be binding and thus not enforceable until those circumstances arise. Thus, the letter of intent is essentially a legally worthless document. It is not clear to me the reason any party would ever bother to create such a document and yet I have seen it used on many occasions. If parties to a transaction intend to bind each other, then they should create a binding contract, not a letter of intent. If the parties to a transaction do not intend to bind each other, then why bother creating a document that is not binding?

Author Benjamin O. Anosike, Ph.D. An acclaimed author and a leading expert on international oil trading procedures, Anosike's latest book is titled, "The Only Way the Commodities Intermediary Can Close a Petroleum Deal Today," billed as the most detailed, comprehensive, authoritative step_by_step guide ever written and available today for using the correct and most appropriate trading rules and procedures suited for the modern Internet era to find authentic, scam_free petroleum suppliers and opportunities. FOR MORE ON THIS BOOK, VISIT: http://www.ReliableOilDealsConsultancy.com

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