Letter of intent in NY commercial building, landlord
I signed a letter of intent 2 weeks ago and the document says: " The parties acknowledge that this is intended to be a binding letter of intent and that they will work together in good faith to incorporate the provisions hereof into a lease agreement. "Landlord" agrees to neither seek nor accept any other offer to lease this property from any other source for a period of one hundred twenty (120) days after acceptance of this letter of intent."

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Is this binding in court?
[{"id": "imlefvx", "text": "Generally speaking, nothing about an LOI is legally binding. It's just meant to express interest and intent to be purchased often times outlining general items or overly specific.\n\nThat said, did any attorney acknowledge receipt and/or engage in conversations about it?", "replies": [{"id": "imnosgr", "text": "no attorney ackowledged it but tenant, landlord and broker all signed....", "replies": [{"id": "imot00w", "text": "You don't understand.  A Letter of Intent has NO legal binding agreement.  It is simply a document that states all parties are willing to negotiate.  But, there are no legal requirements from any party.  Also, you are not a \"Tenant\" without a ratified lease.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "imlhcps", "text": "Look up Josh stein\u2019s article in Forbes about first and Amazon", "replies": [{"id": "imnpo78", "text": "thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "imlpee9", "text": "Is it countersigned by the property owner or leasing agent?\n\nWhat damages have you suffered that you would you seek remedied in court?", "replies": [{"id": "imnotoz", "text": "yes, tenant, landlord and broker all signed....", "replies": [], "depth": 2}], "depth": 1}, {"id": "imm3h3r", "text": "How did you get any landlord to sign that document that basically ties their hands for 4 months?\n\nOf course if the landlord didn't sign the document it is worthless.", "replies": [{"id": "imnow0s", "text": "yes, landlord and tenant signed. landlord was my mother who didnt read the fine print of the LOI in the bottom", "replies": [{"id": "imoahbo", "text": "Ok, and she doesn't want to rent to this entity anymore? Are they not attempting to perform? Why are you worried about this in court?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "imo691j", "text": "Depends what the rest of the document says. It can be binding.", "replies": [], "depth": 1}, {"id": "imosusc", "text": "No, an LOI is not legally binding.  Also, most LOIs have an expiration date of 30 days if not less. \n\nAlso, you're not a Tenant until you have a ratified lease.  Don't use the term \"Tenant\".  You're just an applicant seeking to lease a property.", "replies": [{"id": "ioxg9j2", "text": "LOI s are only not binding when they say not binding.  It is a contract that means exactly what it says and folks get sued for stuff like this daily.  NEVER sign a binding loi as landlord!", "replies": [], "depth": 2}], "depth": 1}]