A letter of intent is not likely to be enforceable unless:
A) there is a clearly stated start date for the contract.
B) both parties agree on compensation.
C) it is clear that both parties intended to be bound by the letter.
D) conditions in the letter are met.

Question

Quizplus · Accepted Answer

A letter of intent is not necessarily a binding contract unless it is clear that both parties intended to be bound by the terms of the letter. The other options may be important factors in determining whether the letter is enforceable, but without clear intent from both parties, the letter will likely not be binding.

A Letter of Intent Is Not Likely to Be Enforceable