As a solicitor, I often get asked whether a “memorandum of understanding” or “letter of intent” has any legal weight. These documents are commonly used in the early stages of commercial transactions, particularly when parties negotiate a business sale, a joint...
In Pretoria v Blankney, the High Court concluded that a signed document titled “Heads of Terms of Proposed Agreement” did not create a legally binding lease agreement. The judge applied familiar principles: Was there an intention to create legal relations...
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