Letters Of Intent Flashcards
Who said “LoI come in all different forms some are mere expressions of hope, others are firmer
Others are in reality that contract in all but name”
His Honour Humphrey Lloyd QC
What did judge Coulson say
They can create more problems than they solve
What is the case regarding LOI
Trollope & Colls ltd v Atomic Power construction ltd (1962) 3 all er 1035
What did his honour Humphrey Lloyd QC say?
‘LOI come in all different forms’
‘Others are in reality that contract in all but name’
What case is it where there was amount set in an LOI?
AC controls v BBC 2002 EWHC 3132
What should an LOI have?
An end date, a max amount of money (capped)
What happened in Moslem v Stena line ports 2004 EWHC 2206
Judge said the amount was capped and couldn’t get more due to it saying amount
