Dealmakers commonly use letters of intent, term sheets or memorandums of understanding (better known as “LOIs”) early in a potential transaction to outline the general business terms of a proposed deal. LOIs can save…more
Much has been written about the phenomenon known as “inadvertent franchising” in the U.S. — a situation that arises when a company, acting innocently enough, thinks it is granting a simple license but actually crosses the line…more
Parties have long used letters of intent, term sheets and memorandums of understanding (otherwise known as “LOIs”) to express a preliminary interest in a transaction and to outline the general business terms of the…more
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