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MOU

Letters of intent: their highest and best use is disavowing a binding contract

June 30, 2009

A letter of intent — aka an LOI, sometimes known as a memorandum of understanding or MOU — is the equivalent of comfort food; it’s something you can show your boss to reassure her that the transaction you’re supposed to make happen is moving forward. The most useful function of a letter of intent, though – arguably [...]

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