Promise to Transfer Home Unenforceable: Don Pinto Quoted in Massachusetts Lawyers Weekly

Donald R. Pinto Jr., a partner in Pierce Atwood’s Real Estate Practice Group, discusses the “dangers of preliminary agreements such as MOUs [memorandum of understanding], letters of intent, and offers to purchase, in which the parties express certain basic deal points but are not ready to sign a binding contract.”

Don shares additional insight in the discussion of a recent Land Court decision where the judge ruled that a memorandum of understanding sent by a woman’s attorney to convey her interest in Nantucket property to her daughter and her family was not an enforceable contract under the “Statute of Frauds.”

Please click here to read the entire Massachusetts Lawyers Weekly article and Don’s comments concerning MOUs and other “promises” that are not necessarily legally enforceable.