Wednesday, February 16, 2022 11:48:28 AM
In my opinion it’s just a matter of time.
Just got through reading the Definition of “Binding Letter of intent”
https://hechtschondorf.com/2021/12/10/binding-and-non-binding-letters-of-intent/
Contractual Binding
When a letter of intent contains binding terms, it serves as a contract between the persons concerned. For example, it may apply to financial transactions such as money transfers to purchase a product. In another case, it might face monetary penalties for violating the complete contract that binds the parties together. In general, the provisions include enforceable declarations in the letter of intent that provide for a lawsuit if necessary. This guarantees that any violation of the provisions of the contractual clauses will result in a resolution in the form of owing damages or another sort of remedy.
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