Can a Letter of Intent “morph” into a binding contract?
It has become fairly commonplace in the yachting industry to see letters of intent being used to “secure” a deal, or an exclusivity period to negotiate a particular transaction for example, particularly with an impending boat show or some other event on the horizon or – as has recently perhaps been seen with the value of the Pound dropping so significantly as against, predominantly, the Euro and the US Dollar – in response to a particular event. The common understanding in su
WQW congratulates Nekton
WQW is pleased to announce that they have assisted Nekton Foundation with legal advice on marine-related contracting for the Nekton Mission, an oceanic science project in the deep waters of the Northwest Atlantic. See here for more information on the project. The work included advising on bespoke contracts for vessel and ROV availability. WQW congratulates Nekton Foundation on the successful mission with the greater scientific understanding of the deep ocean environment that