Legal Question in Entertainment Law in Georgia
What is the difference between a deal memo and a Contract?
Asked on 8/07/15, 2:03 pm
1 Answer from Attorneys
Glenn M. Lyon, Esq.
MacGREGOR LYON, LLC, Business Attorneys
Generally, a memo is the same as a non-binding letter of intent. It contains general terms of a deal, but is not itself binding regarding those terms. It may, however, have some sections that are binding, typically those regarding confidentiality and choice of law.
www.macgregorlyon.com
Answered on 8/10/15, 11:20 am
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