Question: Both countries are common law countries. Metalla and Masha Electronics get together, and after initial negotiations, a LOI (Letter of Intent) is created. If the

Both countries are common law countries. Metalla and Masha Electronics get together, and after initial negotiations, a LOI (Letter of Intent) is created. If the deal falls through, will either party be bound to their commitments as detailed in the LOI? What can the parties do to limit the obligations to the terms of the LOI?

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