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Valparaiso Univ. Law School

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Tuesday, August 22, 2006

Pitfalls in Letters of Intent

Uk_flag_2 Few issues in contract law create more problems than the status of "letters of intent."  Frequently, prospective parties to some undertaking sign a document that indicates their present intent to enter into a deal, but that also indicates that neither party is bound to anything.  When the deal falls through, one or the other of the parties may sue.

In a recent client advisory, Letters of Intent:  Principles and Pitfalls, Matthew Needham-Laing of London's Fenwick Elliott LLP, offers some thoughts from a U.K. perspective.

[Frank Snyder]

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