Legal Question in Business Law in Colorado
is a LOI , Letter of intent a binding agreement to receive a payment?
Thank you
Asked on 9/29/18, 7:21 pm
1 Answer from Attorneys
Robert Murillo
Pivotal Legal Ltd.
It may or may not be. It depends on the exact terms of the LOI. Even if this is not deemed a contract there may be promissory estoppel issues.
Answered on 9/29/18, 7:35 pm
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