Level 9 Biz Pvt. Ltd. vs Himachal Pradesh Housing & Urban Development Authority 2024 INSC 257

Contract Law – Letter of Intent – Letter of Intent is merely an expression of intention to enter into a contract. It does not create any right in favour of the party to whom it is issued. There is no binding legal relationship between the party issuing the LOI and the party to whom such LOI is issued. A detailed agreement/contract is required to be drawn up between the parties after the LOI is received by the other party more particularly in case of a contract of such a mega scale. (Para 10)

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