Red Flags For Mass. Real Estate Transactions

Law360, New York (August 16, 2012, 12:07 PM EDT) -- In May 2012, the Superior Court Department of the Trial Court issued two rulings with significant implications for creating enforceable agreements concerning real estate in Massachusetts.

First, on May 14, 2012, Judge Peter Lauriat, sitting in the Business Litigation Session of Suffolk Superior Court, held that a letter of intent (LOI) that contemplated entering into a more definitive joint venture agreement for development of property but did not contain all material terms of the joint venture was not enforceable based on the parties' conduct, and further...
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