Revive Therapeutics Ltd (RVVTF)

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" Why Parties Use a Letter of Intent

The most common use of a letter of intent is to establish the parameters of a purchase. These documents can be legally binding in some situations, but they can also be viewed as non-binding agreements between the involved parties. For example, a LOI might be non-binding when the parties involved are certain they want to complete a deal, but they aren't quite ready to commit to the terms of the deal."
https://www.upcounsel.com/non-binding-letter-of-intent-template