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our question today is michael is a letter of intent legally binding ello is there often called in business and typically they have wording in them that says they are not legally binding Ill be very careful with that though in the first case because make sure that it actually says is that is written in the LOI secondly courts have made them enforceable so I be very careful with them have a time frame that if expires have as many details in there is practical but typically a letter of intent is not legally binding now youre you when you sign a letter of intent you want to honor it you dont you want to make sure that its something that you want to honor that you honor for the time period you agreed to you know you dont want to have a bad reputation out there of signing things that youre not going to honor enjoy and prosper the commercial real estate show is brought to you by bull realty commercial advisors a great place to do business visit bull realty com real necks a comprehensive