Cannabis Transactions: I ❤️ Letters of Intent
Canna Law Blog
MAY 28, 2025
From the buyer/lessee’s point of view, these provisions can be paramount– a buyer can suffer by inking an LOI, only for a seller to sit on it while shopping for a better purchase price. Sometimes, payment will be required to lock in these terms. As to binding LOIs, they are less common, more comprehensive, and more risky.
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