Search for: "Alaska Bar Association v. Benton"
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16 Jan 2021, 10:57 pm
”[20] Although the parties are not obligated to reach their ultimate contractual objective, the parties are barred from renouncing the deal, abandoning negotiations, or insisting on conditions that do not conform to the preliminary agreement.[21] This category is commonly referred to as a Type II agreement.[22] Third, the letter of intent can be completely nonbinding. [read post]