Letter Of Intent: What You Need to Know
Jennifer F2023-06-26T12:28:36-04:00If you're a business owner or an investor in Canada, you may have encountered the term "Letter of Intent" or "LOI" in your transactions. Whether you're considering buying or selling a business, acquiring assets, or entering into a partnership, understanding what a Letter of Intent is and when it's applicable is crucial. Below, we will provide you with a comprehensive guide to Letters of Intent, explaining their purpose, legal implications, and how they can benefit you. What Is a Letter of Intent? A Letter of Intent (LOI) is a document that outlines the preliminary terms and conditions agreed upon by parties [...]