Notwithstanding the general intent for LOIs to be nonbinding, parties may want to have certain provisions within an LOI to be binding upon execution of the letter. For example, when lease ...

A letter of intent, or LOI, Jones says, “outlines the basic terms of a proposed contract, lease or option (and is) sent to the property owner in hopes that an eventual agreement will be accepted.

“On Monday (Aug. 31), CPC President Deanna Bremer Fisher signed a Letter ... Intent created by Heights Libraries that outlines the primary business terms and conditions under which the library ...