LOI question

[cajun]

If you sign one is that a binding contract?

[F18mustang]

Pretty sure its just a soft agreement before the real agreement is finalized, don't take my word for it though. Not completely sure.

[lonny23]

If you sign one is that a binding contract?
Basically yes, but I want you guys to read the article to see who started it!:D
http://en.wikipedia.org/wiki/National_Letter_of_Intent

[SLC]

It may not be rock solid...but yes it is.

[cajun]

The reason I ask is there may be a kid trying to get out of a LOI commitment/signing...

This kid may have been mislead and may have some grounds if rumors are true...

Purely rumor at this point...

Was just wondering how hard it is getting out of it..

Thanks..