Breabsp;of trabsp;is a legal bsp;of a in whibsp;the binding terms and ditions agreed are not honored by one or more of the parties to the trabsp;by non-performanbsp;or interferenbsp;with the other party’s performance.
The remedy for breabsp;of trabsp;bsp;be “damages” in the form of pensation of money or any other specifibsp;performanbsp;enforbsp;through an injun.Both of the remedies award the party at loss the “be of the bargain” or expectation damages，whibsp;are greater than mere relianbsp;damages，as in promissory estoppel.
A letter of i（LOI）outlines the i of one party toward another with regard to an agreement，and may only be signed by the party expressing that i.Subsp;agreements may be Ast Purbsp;Agreements，Share Purbsp;Agreements，Joiure Agreements，Lea Agreements，and overall all Agreements whibsp;aim at closing a financially large deal.
LOIs are similar to written tracts，but are usually not binding on the parties in their ey.Many LOIs，however，tain provisions that are binding，subsp;as non-disclosure agreements.An LOI may sometimes be interpreted by a court of law as binding the parties to it，if it too-cloly rembles a formal tract.
A letter of i may be prented by one party to another party and subquently iated before execution（or signature）.If carefully iated，a LOI may rve to protebsp;both parties to a transa.
The most on purpos of an LOI are：
·To clarify the key points of a plex transa for the venienbsp;of the parties.
·To declare officially that the parties are currently iating.
·To provide safeguards in bsp;a deal collaps during iation.