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The stronger version, the letter of comfort, indicates the parent organization's intention to support the subsidiary. [5] In the United States, there is a general presumption against the enforceability of letters of comfort. However, depending on the wording of the document, there may be legal liability under the rule of reliance. [6]
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 .
If the template has a separate documentation page (usually called "Template:template name/doc"), add [[Category:Wikipedia conflict of interest templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Wikipedia conflict of interest templates]]</noinclude>
A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the prevailing accounting standards.
Providing that the judge or presiding officer must be free from disabling conflicts of interest makes the fairness of the proceedings less likely to be questioned. [ 60 ] In the practice of law , the duty of loyalty owed to a client prohibits an attorney (or a law firm ) from representing any other party with interests adverse to those of a ...
Use this tag to request help from other editors with an article that may be biased by a conflict of interest, and to request help from other editors with an article that is biased or has other serious problems as a direct result of editing by the subject of the article, or by a person with a close connection to the subject (e.g., public-relations employees or paid editors).