A document outlining the preliminary agreement between parties before a formal contract is executed, establishing key terms and demonstrating serious intent to proceed. Texas's business-friendly legal climate creates specific considerations for LOI drafting and enforcement.
Analyze Your LOI Free →Texas Covenants Not to Compete Act permits non-competes if ancillary to enforceable agreement with limited restrictions.
Tex. Bus. & Com. Code § 15.50 requires non-competes to be ancillary to otherwise enforceable agreement.
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