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Kentucky Basketball and Letters of Intent

By Robert Sullivan on June 11, 2009
Posted in Business Litigation

The current dispute involving the University of Kentucky and its former men’s basketball coach, Billy Gillispie, is an example of a not so uncommon problem with informal agreements. In general, “agreements to agree” (aka “letters of intent” or “agreements in principle) are not binding contracts under Wisconsin law. Instead, they are tools used to clarify…

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Wisconsin business litigation lawyers & attorneys of Schober Schober & Mitchell Law Firm, offering services related to real estate law, buy sell agreements, entity formation, non-compete agreements, asset & stock purchase agreements, general & mutual release, business structuring, tax implications, capital gains, attribution rules,transactional law and LLC formation, serving New Berlin, Oconomowoc, Waukesha County, Madison, Milwaukee, Southeastern Wisconsin, and throughout WI.

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