Which is Better: Letter of Intent or No Contract?

Sarah Schutte of Schutte Consulting joined me at a blab debate and discussed whether a letter of intent was better than ‘no contract’. We covered:

  • the requirements for a contract,
  • the critical contents for a workable legally binding letter of intent
  • why bother with a contract,
  • how a letter of intent fits into your contract strategy,
  • the risks involved in both options, and
  • how to make life easier for yourself (and possibly avoid letters of intent).

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