A Letter of Intent (LOI) is a document outlining an agreement between two or more parties before the agreement is finalized. It is commonly used in business transactions such as mergers, acquisitions, and partnerships.
A Letter of Intent (LOI) is a document outlining the preliminary commitment of one party to do business with another. The LOI can be used as a means to formalize discussions that may culminate in a final agreement. It includes terms and conditions of the planned transaction.
A document that sets out the main terms of an agreement between two or more parties and their intention to enter into a binding contract once certain details have been finalized. While not a formal contract itself, certain provisions can be enforceable.
A quasi-contract is a legal obligation imposed by a court to prevent unjust enrichment and ensure fairness, even though no formal contract exists between the parties.
