The Court, in giving its decision, summarized some of the key principles from previous cases, where there was a "battle of the forms": The contract must be read objectively; In most cases, a contract is formed once the last set of terms is sent and received, without the recipient objecting;
We find exactly the opposite to be true. If you were to go to an unknown area, would you want a map of the area? Well that is exactly what the LOI is: a map of the major deal points. In today's busy world it is important to be sure two parties are going down the same road and in the same direction before spending too much time working out all the details of a transaction.