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🏅 UnreasonableWoman, SLS '24 |
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Butler v. Balolia
736 F.3d 609 (1st Cir. 2013)
Tags: Contracts, Letters of intent, Good faith
tl;dr: An inventor and a company signed a letter of intent (LOI) to negotiate using their best efforts on a purchase agreement. The transaction fell through and the inventor accused the company of making up "specious" reasons to make negotiations fail.