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Can a Letter of Intent be binding? Surprisingly to many, yes, it can. But what if it has the word “nonbinding” in it, even in its title? Again, surprisingly to many, yes, it can still be binding. [...]

Assume there’s a business called ACME, Inc., and it’s owned and controlled by two shareholders, Mr. Alpha and Ms. Bravo. (This hypothetical also applies to an LLC and its owners, which are called [...]