FOR A FOLLOW UP _ YOU WANT TO FOLLOW UP ON FINDING CRUDE OUR SELLERS THAT DO NOT DEMAND LOI? OR, AS A CRUDE SELLER, TO FIND OUT HOW YOU CAN STRUCTURE YOUR DEAL FOR A NON_LOI OFFER? Please see the instructional information in the author's resource box below
To conclude, there's perhaps no more apt way to conclude this piece, than to quote this very fitting statement by contract law attorney, Ivan Hoffman, of California: "[Given that] the letter of intent is essentially a legally worthless document [but yet one that could potentially cause many serious legal problems for the signer]. 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."