Legal Question in Business Law in Colorado

is a LOI , Letter of intent a binding agreement to receive a payment?

Thank you

Asked on 9/29/18, 7:21 pm

1 Answer from Attorneys

Robert Murillo Pivotal Legal Ltd.

It may or may not be. It depends on the exact terms of the LOI. Even if this is not deemed a contract there may be promissory estoppel issues.

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Answered on 9/29/18, 7:35 pm

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