“A letter of intent is the invention of the devil [that] should be avoided at all costs.” – Stephen R. Volk, Esq. on the infamous Texaco-Pennzoil case. Our friends at Akin Gump’s Speaking Energy blog take a hard look at L.O.I.s and offer some very practical tips on how to avoid an L.O.I. from becoming an I.O.U. Read it here.
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