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意向书的法律效力(The legal effect of a letter of intent)
意向书的法律效力(The legal effect of a letter of intent)
The letter of intent is also called intention contract or contract intention. It is the contract of preparation obligation that should be determined in advance in order to sign the formal contract. In judicial practice, there are few civil disputes arising from intentional contract, because the intention contract has no equal rights and obligations, and even if there is a lawsuit dispute, it is difficult to find the appropriate legal basis to deal with it. In order to better study the nature and application of the intent contract, and correctly understand the legal effect of the LOI, this article tries to start with the relevant legal nature of the letter of intent, and briefly discuss the views.
First, the concept of letter of intent
The concept of LOI originates from the legal system of common law countries, and is a common tool in business negotiation. Loi has its unique and irreplaceable function in complex transaction activities, enterprise capital operation and international large-scale investment.
Letter of intent for early performance is a form of solicitation, to determine the relative contract, sometimes in order to find partners for the purpose of investment, then evolved into the to be reached in a wide range of business within the scope of the agreement, and ultimately determine the terms of the performance of the formal contract and text to follow.
In the domestic pure intent contract is rare, no letter of intent signed business practices, sometimes difficult contract negotiations outstanding is just a process, there was no legal effect of restricted documents, there is no so-called achievements.
The rights and obligations of the contract can be determined directly without need to sign the letter of intent, in turn, as long as the letter of intent which main substantive provisions, means that the property from the letter of intent on the form into the contract. The legal work carefully is not difficult t
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