United States Fourth Circuit
BURBACH BROAD. CO. OF DELAWARE v. ELKINS RADIO CORP., 00-2366
Under West Virginia Law, it is unclear whether a Letter of Intent to purchase a company is a binding agreement but, at the very least, such a letter may demonstrate that the parties agreed to negotiate in good faith towards filling in open terms, i.e., towards a mutually acceptable asset purchase agreement.
Appellate Information
- Argued 11/02/2001
- Decided 01/25/2002
- Published 01/25/2002
Judges
- Before MICHAEL, KING, and GREGORY, Circuit Judges.
Court
- United States Fourth Circuit
Counsel
- For Appellees:
- ARGUED: Joseph W. Conway, Sarver, Pennsylvania, for Plaintiff-Appellant. Jeffrey Stewart Zurbuch, Busch & Talbott, L.C., Elkins, West Virginia, for Defendants-Appellees. ON BRIEF: John E. Busch, Busch & Talbott, L.C., Elkins, West Virginia, for Defendants-Appellees.