Contract Law Fundamentals: Common law principles governing contract formation including key elements: offer, acceptance, consideration, and intention to be bound
Misrepresentation Act 1967: Legislation governing false or misleading statements made during contract negotiations and pre-contractual discussions
Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts and limiting the extent to which liability can be excluded or restricted
Companies Act 2006: Primary legislation governing company operations in the UK, relevant when parties to the LOI are corporate entities
Subject to Contract Doctrine: Legal principle indicating that negotiations and preliminary agreements are not intended to be legally binding until a formal contract is executed
Confidentiality Principles: Legal principles governing the protection and non-disclosure of sensitive information shared during negotiations
RTS Flexible Systems Case Law: Key case law (RTS Flexible Systems Ltd v Molkerei Alois Müller GmbH [2010]) establishing when preliminary agreements become binding
Walford v Miles Case Law: Significant case law [1992] regarding the enforceability of agreements to negotiate and good faith obligations
UK GDPR and Data Protection Act 2018: Data protection legislation that may apply if personal data is processed or shared as part of the LOI
Industry-Specific Regulations: Additional sector-specific regulations that may apply depending on the nature of the business or transaction
