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An engagement letter defines the legal relationship (or engagement) between a professional firm (e.g., law, investment banking, consulting, advisory or accountancy firm) and its client(s). This letter states the terms and conditions of the engagement, principally addressing the scope of the engagement and the terms of compensation for the firm.
A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
A beverage company's secret recipe. An innovative manufacturing process. A social media platform's proprietary feed algorithm. A sales team's closely guarded customer list.
SSAE 18 states that it may be applicable to any subject matter, though the nature of the subject matter is a key factor in determining which sections of the standard are applicable and which attestation engagement service level the practitioner may perform.
Top U.S. law firm Davis Polk announced in an internal email that it had rescinded letters of employment for three law students at Harvard and Columbia universities who signed on to organizational ...