POSNER, Chief Judge.
One of the most difficult areas of contract law concerns the enforceability of letters of intent and other preliminary agreements, and in particular the subset of such agreements that consists of agreements to negotiate toward a final contract. See Steven J. Burton & Eric G. Andersen, Contractual Good Faith: Formation, Performance, Breach, Enforcement §§ 8.4-8.5 (1995); 1 E. Allan Farnsworth, Farnsworth on Contracts
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