August 15, 2016

The Letter of Intent – A Binding Contract?

The use of LOIs as the basis for construction projects has mushroomed in the Gulf in rent years. However the practice carries a significant risk to the parties involved, who may end-up finding themselves in a legal predicament. Heba Osman, Partner, assesses the risks of depending on Letters of Intent in the August edition of Construction Business News ME. Click here to read the article by Heba.