Contract Formation and Letters of Intent

This volume describes each step in the process of drafting and using a letter of intent, from offer, acceptance and revision of offer to standard form contracts and the Uniform Business Code. It also examines key issues affecting daily business practices.

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Letters of intent form a key part of the contracting process and the implementation of offer and acceptance of contract terms. As such, they are central to any commercial exchange in business practices worldwide. This guide covers each step of the contract-forming process, including offer, acceptance, revision or revocation of the offer, standard form contracts and the Uniform Commercial Code. It also examines key issues affecting daily business practice, including the meaning and interpretation of key phrases such as "subject to contract", "satisfactory" and "subject to Attorney's approval".