Show me a letter of intent and I'll show you an invitation to a dispute — typically over unpaid work. A good example is a recent case involving an excavator. The general contractor directed the sub to ...

Find out when a letter of intent (LOI) is binding and non-binding. Understand the role of drafting language, and when an LOI is treated like a contract.

Letters of intent are not a panacea for engaging a contractor on a whole project, however, and they should never be viewed as a replacement for the main contract. Communications referred to by the ...

Both a letter of intent and a memorandum of understanding establish business agreements. Neither term has a strict definition, so they are sometimes used interchangeably.