Q: We have probably found a buyer for our agency, and he would like to have us sign a letter of intent. What exactly is a letter of intent? Is it binding? If not, do we even need a letter of intent?

A letter of intent is often used to confirm the mutual understanding of a prospective deal — in other words, the prelude to a full-blown agreement. All parties involved, however, should be aware that ...

Once a business owner has identified a prospective purchaser of his or her business, a letter of intent will typically be entered into. All too often, merger and acquisition (M&A) lawyers are engaged ...

It's been well-known in the Navy for the last few years - actual orders are being cut later and later, leaving sailors and their families scrambling to get themselves organized. There have always been ...

The time-honored tradition of high school athletes proudly sitting behind a table and signing a national letter of intent is a thing of the past. In its place starting in a matter of weeks, athletes ...

The letter of intent does not commit the city to the solar project but is needed to qualify the project for federal ...

Northwestern Michigan College (NMC) and the Grand Traverse Band of Ottawa and Chippewa Indians signed a Letter of Intent for ...

The day after Christmas has generally been filled with positive developments regarding Michigan football, with reports ...