Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

memorandum of intent

Read a random definition: incorporeal hereditament

A quick definition of memorandum of intent:

A memorandum of intent is a written statement that explains what two or more parties plan to do together. It is not a binding agreement, but rather a way to show that they are interested in working together. This document is often used before a contract is signed. It is important to note that a memorandum of intent does not stop the parties from talking to other people about the same thing. Sometimes, a court may decide that the parties made a promise in the memorandum of intent, even though it was not meant to be binding. Other names for a memorandum of intent include letter of intent, memorandum of understanding, term sheet, and commitment letter.

A more thorough explanation:

A memorandum of intent is a written statement that outlines the preliminary understanding of parties who plan to enter into a contract or some other agreement. It is a non-binding document that is created before a contract is finalized.

For example, if two companies are considering a merger, they may create a memorandum of intent to outline the terms of the potential agreement. This document would include details such as the proposed purchase price, the timeline for the merger, and any other important information.

It is important to note that a memorandum of intent is not a legally binding document. However, it can be used as a starting point for negotiations and can help to ensure that both parties are on the same page before entering into a formal contract.

memorandum of association | memorandum of understanding

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.