One of the people who fell for this cell site leasing ploy were not naïve in the ways of business. In fact they were very savvy real estate developers who assumed they could trust the charming young woman who was handling things for the cellular tower company. They signed a very detailed document that locked them into a deal where the carrier could impose their will on the owners. I am sure that Ms. Charming got a nice fat financial incentive for taking advantage of this overly trusting property owner. This mistake cost them over 趚ꯠᇸ dollars in lost revenue, over a thirty year period, that they would have gotten if they were properly informed prior to executing their cell tower lease.
The Key to an Effective Letter of Intent. A letter of intent, or LOI, is a document that outlines an agreement between two or more parties before the agreement is finalized. A Letter of Intent resembles a written contract, but generally are not binding upon the parties. The purpose of an Letter of Intent may be to clarify the key points of a complex transaction for the convenience of the parties, to declare officially that the parties are currently negotiating, as in a merger or joint venture proposal, or to provide safeguards in case a deal collapses during negotiation