Commercial Real Estate – Binding Letter of Intent, Or Not?
Esquire Property Management Group
DECEMBER 18, 2023
A Letter of Intent Must Contain the Deal’s Essential Terms to Be Enforceable While a Letter of Intent (LOI) stating, “Party A agrees to sell its commercial property to Party B and Party B agrees to buy it,” may signal a mutual commitment to a transaction, its mere existence does not confer enforceability.
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