Contract _ Terms of Business, Battle of the Forms and Letters of Intent. The buyer (a company that made control systems for vehicles) placed orders with the seller (a company that supplied pedal sensors). Both parties traded on their standard terms of business, the key difference between the two being, as it is usual to expect, the extent of the liability, if something went wrong under the contract. The buyer's conditions sought to impose unlimited liability on the seller for certain breaches, while the seller's conditions purported to exclude any liability for consequential loss or damage and restricted its business liability to repair.
A Letter of Intent Sample Can Be a Non_Binding Contract. A letter of intent can be considered as a non_binding contract between two parties and generally contains the information that they have agreed upon and can in fact be a precursor to a contract. This is a very commonly used form letter and in essence states that a person or a company intends to take part in a particular action or activity. If you have never written one you may want to look online for a letter of intent sample to learn how to write one that is effective and will get the results you need.