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so the first thing about a letter of intent is that it can be non-binding and most of the ones that we draft are non-binding but it also can be binding you can put up some form of consideration typically money that will or something else like a service or an act consideration doesnamp;#39;t just have to be money it can be just even an act and it can bind the letter of intent so youamp;#39;ve got to make sure you understand that and whether thatamp;#39;s what you want to do do i want to send over a binding loi or do i want to send over a non-binding lor typically the reason why you do a non-binding is because the seller doesnamp;#39;t want to get bogged down with a contract at this stage he just wants to know hey weamp;#39;re going to do this deal or are we not going to do this deal and if we just make it non-binding it takes the onus off the seller towards burdening his property because remember what happens when you do when you have a contract on a property what actually
