The legal nature of the letter of intent in the French law

The article reviews the legal nature of an institution of the letter of intent (also known as a comfort letter), which may serve a similar function to the personal securities existing in most countries with established market economies. The popularity of this form of security interest in other legal systems arises from the flexibility of creating the content of a document and thus its legal consequences. It should be expected that the entrepreneurs operating in Poland will be increasingly confronted with that form of security interest. For this reason, the article undertakes an analysis of the solution adopted in the French law, where the original legal structure of this institution not only has a long tradition, but is also very popular and has finally achieved statutory regulation.