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Scholarship Letter Format Template Copy Example Of As Intent For Writing

Scholarship Letter Format Template Copy Example Of As Intent For Writing Top Guidelines Nih

So, if a letter or document that nominally or presumably conveys the signer's "intent" or intention to buy, is essentially meaningless and worthless in legal terms, and is not binding on the signer or anyone, and CANNOT be enforced on him, then why would a respectable crude buyer, in the first place, want to waste its precious time and resources (or that of its expensive lawyers) to engage in such a fruitless exercise for the benefit of a seller? Especially for an unknown or obscure seller?

"My advice [to parties contemplating having an LOI] is to proceed with caution before signing any such document. As a general rule (and there are exceptions), I urge the parties to go right to the final documents and "dot all of the I's and cross all of the T's," rather than go through this interim step of a letter of intent, which has many potential traps."

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Letter Of Intent Guidelines


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