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RE: It is not a contract. Contract law does not apply.

Posted on: March 22, 2017 at 21:58:48 CT

lhs MU

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M.O.B. Votes:

Not sure about the LOI's relative to these scholarships but depending on how it's written, in general, can be binding on both parties. There is an offer, an acceptance, consideration and a meeting of the minds.

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Is An LOI Considered a Contract? - Laker10 MU - 3/22 21:09:12

Research the LOI system, it's totally one sided - nm - ScottsdaleTiger MU - 3/22 22:46:19

It does obligate the school, as well(nm) - STL1DFW STL - 3/22 23:07:44

To do what? Nm - ScottsdaleTiger MU - 3/22 23:13:46

RE: To do what? Nm - STL1DFW STL - 3/22 23:18:31

Here's the link to the LOI home page - ScottsdaleTiger MU - 3/22 22:36:36

The signature of a Legal Guardian is, of course, a - STL1DFW STL - 3/22 22:31:36

An LOI doesn't bind the school to anything - ScottsdaleTiger MU - 3/22 22:38:33

You misinterpreted what I said. It most certainly does - STL1DFW STL - 3/22 23:03:34

It is not a contract. Contract law does not apply. - ScottsdaleTiger MU - 3/22 21:49:05

Exclusivity Clauses & Confidentiality Clauses are Legally - STL1DFW STL - 3/22 22:27:08

What consideration does the kid get? nm - ScottsdaleTiger MU - 3/22 22:39:19

A spot on the roster held for him, as well as, a prospective - STL1DFW STL - 3/22 23:05:18

If it is Not a Contract - Laker10 MU - 3/22 22:00:47

It's the LOI's rules - ScottsdaleTiger MU - 3/22 22:32:25

RE: It is not a contract. Contract law does not apply. - lhs MU - 3/22 21:58:48

Research it, an LOI doesn't bind a school to anything - ScottsdaleTiger MU - 3/22 22:44:31

Yes it does. It binds the school to an Exclusivity - STL1DFW STL - 3/22 23:18:05

Only certain aspects are binding due to what you state..... - STL1DFW STL - 3/22 22:30:14

A kid's remedies if the school says, sorry, don't want u? - ScottsdaleTiger MU - 3/22 22:42:34

No, I'm saying a kid can enforce the school's commitment - STL1DFW STL - 3/22 23:06:59

Requirement that one parent cosign is part of the LOI rules - ScottsdaleTiger MU - 3/22 21:53:59

parents sign. there was a guy I think in Miami - Erwin Fletcher STL - 3/22 21:28:18

Nm - NoBeaksNoNubs STL - 3/22 21:26:45

Yes they do sign. (nm) - Erwin Fletcher STL - 3/22 21:30:28

If the kid told a school he just wouldn't play for them even - GA Tiger MU - 3/22 21:20:20

Like you said I think that's why the parent/guardian must - bcoop199 KC - 3/22 21:10:53

I remember a few years ago a kid was signing with arky (fb) - Ron Swanson MU - 3/22 21:22:53

here's the link, I forgot it was Alex Collins - Ron Swanson MU - 3/22 21:45:15

Landon Collins signing with Bama instead of LSU. His mom's - CoolBreeze22 MU - 3/22 21:33:50

lol, that was great too(nm) - Ron Swanson MU - 3/22 21:36:16