Loi (Letter of Intent)

A letter of intent or LOI is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to the so-called heads of agreement. Such agreements may be Asset Purchase Agreements, Share Purchase Agreements, Joint-Venture Agreements and overall all Agreements which aim at closing a financially large deal. LOIs resemble written contracts, but are usually not binding on the parties in their entirety. Many LOIs, however, contain provisions that are binding, such as non-disclosure agreements, a covenant to negotiate in good faith, or a â€Å"stand-still† or â€Å"no-shop† provision promising exclusive rights to negotiate. An LOI may also be interpreted as binding the parties if it too closely resembles a formal contract. The purposes of an LOI may be treated as: to clarify the key points of a complex transaction for the convenience of the parties * to declare officially that the parties are currently negotiating, as in a merger or joint venture proposal * to provide safeguards in case a deal collapses during negotiation An LOI may also be referred to as a memorandum of understanding (MOU), term sheet or discussion sheet. The different terms reflect different styles, but do not indicate any difference under law. A contract, in contrast, is a legal document governed by contrac t law. There is however a specific difference between an LOI and MOU, whereby an LOI is the intent from one party to another and does not in this case have to be signed by both parties, whereas an MOU is an agreement between two or more parties, which should be signed by all parties to be valid. [edit] Specific examples See also: National Letter of Intent * Education. In the United States, Letters of Intent are frequently reached between high school senior athletes and colleges and universities, which then reserve athletic scholarships for the athletes upon graduation. Academia. In academic settings Letters of Intent are part of the application process. There they are also known as Statement of purpose or Application Essay. * Solicitation. A letter of intent (LOI) is highly encouraged but it is not required or binding, and does not enter into the review of a subsequent application. The information that it contains allows government staff to estimate the potential workload and plan the revie w. LOI, letter of intent, Grant Solicitation, retrieved 2008-05-21 * Disability. The LOI for a child is a document written by the parents or guardians that describes the child's or adult child's history, current status, and location of all other documents. In the event of the death of the disabled child's parents or guardians, courts rely upon the family's LOI for guidance in understanding the family's wishes. * Schools. School Administrators, particularly at high schools, need a Letter of Intent to approve the formation of a club. * Real Estate. In cases where the real property in question is not listed on the MLS or listed with a Realtor, there may not be an easy way to notify the owner of the property and other interested parties of intent to purchase. Often it is necessary to officially begin the process of a purchase and allow all peripheral interested parties to begin any other processes (such as a multi-million dollar loan for a commercial property may require a letter of intent before a financial institution will allow personnel to spend time working on said loan) necessary for the completion of the sale.

Media coursework

The age 14–25 is an appropriate target audience for the story line I have chosen. My comic book is also aimed at boys which is stereotypical but I found that during my research cost boys buy darker, gorier comic books so this helped me pick the colors for my horror comic book front cover.My comic book also represents the social group of people who Like dark, gothic, horror comics. I have achieved this through the use of dark colors. By using the Image of a superhero standing tall on the front of the page, this brings In the serious feel to horror. This can then be seen as the person In the image not wanting to mess about, linking to the horror theme again-I researched lots f gothic comic books before so had a very good knowledge of what a typical horror comic book front cover looked like.In this image I decided to make the moon brighter to show the amount of light against the dark colors. Also, this made the comic book front cover stand out more to my audience. Using photos I also cut around the circle to there was no black to make the moon be more clear to the audience against the dark background. Through the process of constructing my product I have become much more advanced at using photos than I was before.It gave me a chance to use a lot of the features which I had not used before such as: the lasso tool which I found extremely helpful when transferring images onto my front cover. I used photos to edit my photos to make them look darker. If I was going to repeat this assignment I would of liked to of chosen a different purely because I am a girl so I am not very interested it that theme. Also, I would of liked to of chosen a different layout for my product because I feel like my comic book was not very original or creative.

Company law for accountants Essay Example | Topics and Well Written Essays - 2500 words

Company law for accountants - Essay Example Promoters are involved in the formation of a company and deal with formalities of a companys registration, finding share holders and negotiations for new company business contracts. However, companies which are not yet been incorporated cannot enforce contract because they have not attain a legal status to attain contractual rights or sustain contractual liabilities existing from a pre-incorporation agreement and therefore the pre-incorporation agreements cannot oblige a company or the other parties involved. No action could be taken against candy because of the following reasons. First, the company directors knew that candy was bankrupt pursuant to the court order dated 23rd June 2011 and therefore, he was legally prohibited from managing, forming or promoting a limited company unless he gets an explicit permission from the court. But Becky, one of the directors, knew candy’s plan (of promoting the company) but did nothing to stop or inform candy about the court order regarding his bankruptcy and the implications thereafter. It was therefore unlawful for Becky that even having known that candy was bankrupt, he went ahead and allowed him to negotiate with yuenshiu on an exclusive agreement on behave of the company (gallery company) that once formed, it would take yuenshiu’s output and sell it in return for 50% commission on the first year and with opportunity to extend for further five year and at 40%. It was illegal that candy had to use the inside knowledge of the company to profit at the expense of other investors’. Candy seems to both a share holder and a promoter of the company. Has a promoter, candy must not make secret profits out of promotion of the new company. For example she ought to have disclosed to the company that he had received a gift as a result of the transaction between her on behaves of the company and yuenshiu the investor. Candy was also

MacmidIK Essay Example | Topics and Well Written Essays - 1250 words

MacmidIK - Essay Example B – More will be demanded at lower prices 14. A – Income 15. B – A decrease in the price of a substitute product. 16. B – A technological change in the production of the good 17. C – An increase in the taxes paid by telephone companies 18. B – Inelastic 19. A – Generally results in substantial negative externalities 20. D – A surplus of 600 units 21. C – $20 And 600 units 22. D – using private bargaining when property rights 23. A – eliminate all pollution rights 24. B – changes only when there is change in out put 25. A – real GDP doubles 26. C – Nominal GDP and real GDP both decreases 27. A – Family will need to spend more in order to maintain its standard of living 28. C – Nominal GDP divided by real GDP 29. B – 110 30. C – Couples remodelling their own homes 31. A – 1 and 2 32. D – Stable political system 33. B – Movement from a point inside to a point outside the production possibility curve 34. B – 6 percent 35. B – Cyclical 36. C – Frictional 37. C – Is equal to the total frictional and structural employment 38. D – Actual GDP is greater than potential GDP 39. B – Actual GDP is less than potential GDP 40. A – Every 1 percent that the actual employment exceeds the natural employment rate, a 2 percent GDP gap is created 41. A – 4.0 Percent 42. C – Demand-pull inflation 43. C – Cost push inflation 44. A – Increases by 3% 45. ... B – Real GDP will increase 55. C – 280 billion 56. D – An increase in real interest rates. 57. A – Productivity 58. D – 4 59. C – 3 60. A – Supply increase Short Answers 1. a) Making necessary computation to complete the table below Year 1 Year2 Labour force 95,450 108,250 Employed 90,325 100,830 Unemployed 5,125 7,420 Unemployment rate (10%) 94% 94% Unemployed= Labour force-employed Year 1=95450-90325= 5,125 Persons Year 2= 108,250-100,830=7,420 persons Unemployment rate = number of employed people ? Labour force?100 Year 1 = 90,325?95,450?100 =94% Year 2 = 100,830 ? 108,250?100 =93% b) Possibility of increase in employment and unemployment between year 1 and 2 Based on the above computation, it can be scrutinized that there was an increase in number of employed and unemployed people between the two periods. This is because there is a possibility of having both favourable and unfavourable economic conditions leading to an increase in number of employed and unemployed people (Taylor, 2007). The above assertions may be substantiated by Keynesian theory of economics that holds that a trade off exists between unemployment and inflation, this trade off may be presented using Philips curve (Tucker, 2011), whereby, during favourable economic conditions, inflation decreases while employment increases (Tucker, 2011). On the contrary, during unfavourable economic conditions, inflation rates decrease while unemployment increases (Tucker, 2011).Therefore, based on the above discussion, it is possible to have both increase in employments and unemployment between the two periods. In above connection, an increase in unemployment may be attributed to technological advancement. This is so because most people get laid off as less human labour is needed (Layard,

Statement of Purpose for Physical Therapy program Personal

Of Purpose for Physical Therapy program - Personal Statement Example Besides clinical practice, physical therapy also entails education, research administration and consultation which happens across the health care sector. I have always had the desire to join a physical therapy program as my line of career; this is because, helping people with disabilities and other physical impairments has always been my drive. In many places, people with disabilities and other forms of physical impairments have often been discriminated and neglected. This has often made them have low self-esteem and lack confidence to do even the simplest activities in their lives. By joining a physical therapy program at George Washington University, I will put myself in a better position to make a difference in the society as far as empowering people with disabilities and other forms of physical impairments is concerned (Saini 32). Many examples have been shown in our society about people that suffered from physical impairments and disabilities, yet have risen to become influential people in their various lines of careers. In sports, many runners have emerged to compete effectively in Paralympics programs, which also recognize the participation of physically disabled people in other sports disciplines. I believe that physically disabled people and others suffering from other forms of impairments did not find themselves in those states voluntarily. For this reason, they need to be empowered to accept the conditions and be trained on how to manage their lives amidst the challenges. The choice of joining a physical therapy program at George Washington University was informed by the fact that the university has the best learning facilities training, and empowerment programs for people choosing their careers in this line. I am therefore confident that my admission into the University for the Program will enable me to interact with various people

Military Action Essay Example | Topics and Well Written Essays - 250 words

Military Action - Essay Example There was a universal outcry of the acts and deeds of warlord Mohamad Farrah Aidid that needed immediate intervention. Acting on United Nations sanctioned mission therefore a group of United States soldiers invaded the city of Mogadishu. Eventually also, some positive results were recorded when the military action resulted in the prevention of Islamist terrorists from taking root: despite the fact that that was not the original humanitarian mission (Nasaw, 2009). The Black Hawk Down battle in Somalia also had its own negative results. Analysts have judged the outcome of that particular military action as one of the worse to have ever hit the United States army. Within a period of 17 hours, as many as 18 United States soldiers and 500 Somalis had fallen as victims of death in the battle. To a very large extent, much blame is put on more intelligence gathering and more strategic approach as the cause of the problem (WGBH educational foundation, 2012).there are many who hold the view that the United States army reacted rather to quickly to the call to go on that battle. By and large, leadership misappropriations may be cited as the cause of the failures that were associated with the military action in Somalia in

Audit process Research Paper Example | Topics and Well Written Essays - 1750 words

Audit process - Research Paper Example Some of them are like the independent auditors; these are the types of auditors who are always CPA’s. These individuals are always either practitioners or otherwise members of the public accounting firms who always hire their services to the professional auditing to the customers in need. On the other hand, these individuals are always licensed after going through the CPA tests after which they are certified. These individuals are always ready to render their services after having a factual experience in a working auditing firm. In the contemporary world, the elevated levels of competition subjects external auditors to roles of value incorporated services that can be characterised by business risks as well as providing the necessary management of a business internal management risks. It is noted to be very necessary for the external auditors to act in the control as well as under the perception of an independent thinker as well as with the intents done on good faith while performing their audit responsibilities. The internal auditors are always employees of an organisations concerned with the auditing activities. These types of auditors are always concerned with the analysis of facts in the organisations, often referred to as internal auditing. The major responsibility of the internal editors is always concerned with the management in the firm with the aim of impacting the objectives of the organisation. On the other hand, there are the government auditors. These kinds of auditors are always employees of a particular local government, state or otherwise the federal government. This class of auditors can be further categorised into three other classes; general accounting officers, internal revenue services and lastly the defence contract audit agency. On the other hand, the last classification of auditors is the independent auditors. The independent auditors are neither employed by the government or other agencies but rather they provide their

Van Creveld. Fate of the State Essay Example | Topics and Well Written Essays - 1000 words

Van Creveld. Fate of the State - Essay Example This however, changed when in the rise of modernity; monarchs emerged and slowly took over power and authority from the local lords. The emergence of the monarchs therefore, laid a foundation for nation-states. In the 19th-Century, the modern nation-state, which is integrated, was established first in the European world. However, the 1648 peace of Westphalia is the most important aspect in the establishment of the nation-state, as it allowed for the sovereignty of the nation-state. The nation-state today is on the verge of decline, because of the forces of globalization and devolution, which have reduced its sovereignty. The nation-state was considered the dominant social entity in the world starting the mid-19th Century, as the state and society were virtually merged to become one entity. However, many changes happening in the world have led to changes in the dominance of the nation-state as the most influential social entity. The cultural revolution that began in the West had a gre at influence on the nature of the nation-state. Other important factors that affected the nation-state include the international communist movements, increased freedom of capital transfer across international borders, and political, social, and economic dysfunction in former colonies of Asia and Africa. By the beginning of the 1990’s, the role of the nation-state was reduced due to different global forces (Creveld, 1999). The future of the nation-state is uncertain today. There are different factors that have been responsible for the diminishing importance of the nation-state. These are globalization and transnationalism, and devolution. Globalization has led to the breaking down of national boundaries, as different countries can now interact economically, socially, and politically. Globalization has paved way for transnationalism, and it is anticipated that in future, there might be a transnational government. Transnationalism today occurs at the political level. Internation al organizations such as the World Trade Organization and the United Nations are responsible for transnationalism, as they provide economic security and military protection to a variety of vulnerable countries. On the other hand, the European Union has broken down all national boundaries in its member states, paving way for high levels of interaction (Creveld, 1999). Devolution has been adopted by various nations today. This grants power and authority to the local government and not the central government. This is why the process is called devolution, as power is taken away from the central government, and given back to the local government. When the central government, which is core of the state, loses power, the sovereignty of the state reduces. If these trends of globalization and devolution persist, there are possibilities that a transnational government will replace the nation-state. However, only time will tell what the future holds for the nation-state (Creveld, 1999). Accord ing to Creveld (1996), the capability of the state to fight others for self-defence is on the decline. This is a proof that the function of the nation-state is slowly fading. Initially, defence was among the main reasons for the formation of the nation-state. Failure to perform that today is a clear indication of its decline. The events of French Revolution in the 18th Century and industrial revolution sparked transnationalism, which is responsible today for the decline of the nation-st

Making Friends & Making Them Count by Em Griffin Term Paper

Making Friends & Making Them Count by Em Griffin - Term Paper Example According to Em, â€Å"Friendship is an art†, and the book analyzes the shape of the art. (Griffin, 7-10). The book mainly focuses on the communication aspects required within a relationship. However, it also explains the basic necessities of understanding and maintaining a friendship. Synopsis of the Story: Em Griffin started his book with his views on the interpersonal communication describing it as a â€Å"process of creating unique shared meaning† (Griffin, 13). He took examples of certain games and illustrated them to make the readers understand the importance of communication, and how it is related to a friendship between two persons. Bowling, ping pong, and charades were used by him to compare the communication process in these games and in relationships. He compared the bowling game with communication in the way a ball is delivered by a bowler which passes through a lane and strikes the audience, quite similar to the process by which a sender delivers his messag e which passes through a communication channel and reaches the receiver. Em took ping pong as another example to explain how it takes two people to complete a communication process, like the way the game needs â€Å"two to play†. ... Thus Em used logical examples with the help of games to explain the importance of interpersonal communication. (Griffin, 13-16). Em also described the process of interpersonal communication through ten rules which are: (Griffin 1) â€Å"Interpersonal communication is a process†, (Griffin 2) â€Å"Interpersonal communication starts with the self†, (Griffin 3) â€Å"The chances for effective communication increase as people become aware of their motives for getting together†, (Griffin 4) â€Å"People communicate to reduce uncertainty†, (Griffin 5) â€Å"Words don’t mean things, people mean things†, (Griffin 6) â€Å"You cannot not communicate†, (Griffin 7) â€Å"Without identification, there is no communication†, (Griffin 8) â€Å"To reveal oneself openly and honestly takes the rawest kind of courage†, (Griffin 9) â€Å"Communication is irreversible and unrepeatable†, and (10) â€Å"Communication=Content+Relationshi p†. (Griffin, 18-22). Em stressed on the communication aspect because communication is the most vital factor in any interpersonal relationship. In relationships like friendships, ineffective communication may destroy a relation. On the other hand, according to Em, effective communication, following the above mentioned ten rules may not only build strong relation but also maintain them. Thus, through the ten rules as mentioned above, Em tried to explain that interpersonal communication is a process which encompasses an â€Å"ongoing transaction†. When the transfer and getting of messages occur simultaneously, effective communication occurs. According to Em, interpersonal communication starts with the self because some people have a â€Å"self-concept† which may be an overestimated image and may affect the actions he takes, hurting relationships. When