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FrançaisAnd individual, proprietorship, partnership, corporation, association, or other organization that has, in the eyes of the law, the capacity to make a contract or an agreement, and the abilities to assume an obligation and to discharge indebtedness. A legal entity…
Read MoreLetter of Intent (LOI)
A letter of intent is a collection of key points of an agreement between two parties that are negotiating a contract; in this respect a letter of intent is simply the agreement signed prior to the final contract. Without a…
Read MoreLetter of Intent for Business Purchase
This type of letter of intent is a written statement prepared and signed by the Seller and Buyer of the business that indicates their intention to enter into a legally binding contract to transfer the ownership of the company. This…
Read MoreLex mercatoria
Internationally accepted general trade practices. The principles of lex mercatoria primarily juxtaposed freedom of contract and alienability of property, along with an aversion to legal technicalities and choices of going beyond the realm of law. The branch of law largely…
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