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Outstanding Intent Of Letter

008 Letter Of Intent Outstanding School Transfer Sample For Teachers Resignation

There are a lot of very important items in these documents and you do not want to make a mistake here. This begs the question, "What is the most important clause to include in a purchase agreement or letter of intent?"

To conclude, there's perhaps no more apt way to conclude this piece, than to quote this very fitting statement by contract law attorney, Ivan Hoffman, of California: "[Given that] the letter of intent is essentially a legally worthless document [but yet one that could potentially cause many serious legal problems for the signer]. It is not clear to me the reason any party would ever bother to create such a document and yet I have seen it used on many occasions."

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