Disabled persons: When the parents of a disabled person have passed away, courts will rely on the family's letter of intent to try to figure out what the wishes of the family are for the disabled relative. A letter of intent is sometimes the glue that holds a potential deal together. While deals are done in the business world and other areas of life every day, usually the beginning of any deal was originally laid out in a letter of intent.
L. A simple but sometimes overlooked item. Include language that allows the LOI to be signed in counter_parts. Again, this is a small item but it can save you days in the process. A Letter of Intent is a terrific tool for helping to get your transaction off to good start and moving it toward closing more efficiently. While the information above certainly isn't exhaustive, it provides a great platform. As stated above, always consult the proper professional before acting.