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16 Jan 2021, 10:57 pm
Unfortunately, when negotiations between the parties break down, letters of intent are often at the center of litigation.[2] In perhaps the most famous example of litigation around the enforceability of a letter of intent, Pennzoil won a judgment against Texaco for $10.5 billion, and Texaco was forced to seek bankruptcy protection.[3] Despite the legal risks, companies continue to use letters of intent. [read post]
19 Aug 2010, 2:50 pm
See University Mechanical and Engineering Contractors, Inc., No. [read post]