The typical letter of intent prevents an underwriter from withdrawing a company's stock offering before it is executed.

Name: The typical letter of intent prevents an underwriter from withdrawing a company's stock offering before it is executed.
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A letter of intent typically does not prevent an underwriter from withdrawing from a company's stock offering before it is executed; it often outlines the preliminary agreement between the two parties but usually allows for withdrawal under certain conditions.

The Typical Letter of Intent Prevents an Underwriter from Withdrawing