Stanley A. Martin | Commonsense Construction Law | July 17, 2019 A contractor recorded a lien notice, using a letter of intent as the “written contract” supporting the lien. The owner moved for summary dismissal of the lien, arguing that the LOI was nothing more than an agreement to negotiate a contract, and no contract… Continue reading Letter of Intent Precluded Dismissal of Mechanic’s Lien
Tag: letter of intent
When Is A Letter Of Intent, Not A Letter Of Intent?
Lawrence C. Kasmen | Berman Fink Van Horn | March 14, 2019 Often overlooked, and even more often mischaracterized, a letter of intent (LOI) provides a valuable guide and preliminary structure for parties entering into a commercial real estate transaction. However, without a proper understanding of the purpose and utility, uninformed parties may find themselves… Continue reading When Is A Letter Of Intent, Not A Letter Of Intent?
Should a dispute under a letter of intent be arbitrated? – Lexology
Introduction This article will explore some issues concerning arbitration of disputes arising under a letter of intent (an “LOI”). Arbitration clauses are often included in the fi nal transaction documents but are rarely found in an LOI. Although [the party (the “Offeror”) offering a deal summarized in an LOI to the counterparty (the “Offeree”)] the… Continue reading Should a dispute under a letter of intent be arbitrated? – Lexology