Don’t State that the Parties Intend to Be Legally Bound
For the heck of it, let’s go back to basics. Generally, no purpose is served by stating, in the introductory clause or elsewhere, that the parties intend to be legally bound. The approach under U.S. law is summarized by section 21 of the Restatement (Second) of Contracts, which states that “Neither real nor apparent intention that a promise be legally … Read More