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Home / Opinion Digests / Business Law / ‘Letter of Intent’ Not Valid Contract (access required)

‘Letter of Intent’ Not Valid Contract (access required)

In dispute involving natural gas pipeline “capacity release” and whether the parties had an enforceable contract for defendant natural gas producer to sell excess capacity to plaintiff energy company, a Richmond U.S. District Court grants summary judgment to the seller. Plaintiff VPEM contends the parties had a valid contract based on a Letter of Intent, which ...