This letter, however, confirms the agreement (the “agreement”) between and between Mechanical Technology, Incorporated, a New York-based company (the investor), and Soluna Technologies Investment I, LLC, a limited liability company in Delaware (“STI I, LLC” or “Preexisting Investor”), with respect to and taking into account the investor`s investment in the A Vonsamen group of thieves. , a private company created in accordance with the laws of British Columbia (“Soluna”) at the same time as the conclusion of this agreement. The terms used but not defined, used but not defined in this term, have the applicable meaning defined in the amended and amended Soluna Statutes, as they apply at the time of writing (the “modified and amended articles”). After its implementation by all parties, this agreement constitutes a binding agreement between these parties: which cannot be amended without the written agreement of these parties and, subject to the restriction under section 2, the problem with a letter is that its validity as a binding document can be easily called into question even if the intention of the parties is legally binding at the time of implementation. , in the case of Barbudev v. Eurocom Cable Management Bulgaria EOOD e.a. ( EWHC 1560). In the case of sports contracts, it is possible to officially postpone a contract by officially making a promise as a primary contract; At the same time, a letter allows the party to secretly exercise the possibility of resigning earlier. This is what happens between FC Barcelona and the PSG football club for the transfer of player Neymar Jr.
What is a letter? A letter is a document that is usually used as a complement to a contract. The problem with a letter is that its validity as a binding document can be easily questioned, even if the intention of the parties at the time of execution is that it is legally binding and some do not apply to all agreements (I), others concern only some (II). As far as form is concerned, in most cases a letter is based on the consensual. Although tights can in principle be concluded orally, the parties can guarantee solid evidence. Some transactions will even require legal formality. An image is provided by the BGB, which indicates that the purchase of a house must be concluded before the notary (s. 311b I 1 BGB) or, failing that, considered invalid (s. 125 BGB). This paragraph also applies to letters of condolence that are considered invalid if they do not meet these formal requirements. It could affect the entire contract that would invalidate it (s.
139 BGB). To increase secrecy, parties to an alternative letter sometimes choose to keep it in trust. In this subsequent situation, the parties must carefully develop the instructions they wish to give to the agent and may decide to recruit lawyers as agents in order to use the legal privilege associated with this profession. When changing the terms of a primary contract, it may be necessary to send letters to third parties. For example, in leases, concessions such as a shorter tenancy period or a sublease permit are often granted by the landlord to the tenant by registration.