Intangible assets have been argued to be one possible contributor to the disparity between company value as per their accounting records, and company value as per their market capitalization. 1  Considering this argument, it is important to understand what an intangible asset truly is in the eyes of an accountant.
The challenge is that a letter of intent can be, at the same time, both binding and nonbinding. And when drafted to resemble an official contract, even letters of intent that specifically say they are not binding might be held by a court to be binding in whole or in part for a variety of reasons.
Full Answer. Courts generally rule on the side of email as a legally binding contract, as long as the email includes elements of standard contract agreements. In one case, a lighting designer sought to void emailed terms to which he agreed with a client. The client accepted the terms discussed via email with the designer.