Tag Archives: letter of intent

Enforceability of letters of intent and memorandums of understanding

Parties from time to time will enter into a letter of intent, memorandum of understanding or similar such preliminary agreements.  Often they precede the execution of a more fulsome and detailed ultimate agreement.  They range in content from vague agreements setting out conditions governing subsequent negotiations to more detailed documents setting out the terms the parties agree on to date and leaving open those parts left to be negotiated.