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Letter of intent

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donatc63

Guest
Is a letter of intent a binding contract for purchase? I am the seller and the buyer broke confidentiality to one of my employees/potential buyers. This is happening in OH.
I have another offer that is considerably more and I would like to pursue this offer. The letter of intent only outlines the agreed upon price of the transaction. It is clearly stated that it is not a purchase agreement.
I look forward to your response.
 


D

donatc63

Guest
letter of intent

If the letter of intent is not a contract and is not binding, then what is required to cancel this document.I am the seller and live in OH.
 

HomeGuru

Senior Member
Send a certified letter to the blabbermouth Buyer terminating the letter of intent.

You can add a postscipt;
ps: loose lips sink ships or thank you Mick Jagger Junior.
 

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