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A letter agreement can be legally binding. Here is an example of...

  1. bpinvestnstocks
    1,848 Posts.
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    19/07/17
    10:07
    Post #: 25948938
    A letter agreement can be legally binding.

    Here is an example of a case (Anaconda 2000) where it was.

    This was an appeals case and two of the three judges (Ipp and Pidgeon) granted the appeal.

    http://www.austlii.edu.au/cgi-bin/s...onyms=0&query=anaconda "heads of agreement"

    here is an excerpt (what you should be able to see for yourself if you use the above link) -

    Anaconda - letter agreement.jpg
    KDR Price at posting: 53.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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