Are letters of intent binding?

Many people in the community who lost homes in Coffey Park, Fountaingrove, Mark West Springs, Wikiup and elsewhere are continuing to work on rebuilding their homes.  Builders sometimes ask people to sign a letter of intent as part of this process.  The builder may want you to sign a letter of intent to show that you are serious about working with them. Is a letter of intent nonbinding ?  It may surprise you to hear that a letter of intent can sometimes be binding.  That would be unusual, and it would probably happen when there is a lot of detail in the letter of intent about what the parties are agreeing to.  Even if a letter of intent is not [...]