Law of Property (Miscellaneous Provisions) Act 1989: Fundamental legislation governing formal requirements for contracts and property transactions in England and Wales

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, which could be relevant if the LOI involved third party rights

British Steel Corporation v Cleveland Bridge & Engineering Co Ltd [1984]: Key case law establishing principles for determining whether Letters of Intent create binding obligations

Lock-out Agreement Provisions: Consideration of any exclusivity provisions that prevent negotiations with other parties during the LOI period

Subject to Contract Provisions: Analysis of any 'subject to contract' clauses that may affect the binding nature of the LOI

Misrepresentation Act 1967: Legislation governing false statements made during contract formation that may affect termination rights

Unfair Contract Terms Act 1977: Legislation controlling the use and effectiveness of exclusion and limitation clauses in contracts

Quantum Meruit Principles: Common law doctrine governing compensation for work already performed under the LOI before termination

Notice Requirements: Statutory and contractual requirements for giving effective notice of termination

Repudiatory Breach Doctrine: Common law principle determining when a breach is sufficient to justify termination of the agreement