News & Analysis as of

Letters of Intent Contract Drafting

Whitman Legal Solutions, LLC

Is Your Letter of Intent Permanent and Binding?

What is a Letter of Intent? An LOI is a short written document signed by the parties to a transaction. Typically, an LOI will describe the basic terms of a contract that the parties will negotiate and sign in the future. ...more

Bradley Arant Boult Cummings LLP

Aircraft Purchase, Ownership and Operation: Protecting the Interests of a Family Business Owner – Part 2

As discussed in Part 1 of this series, the first step in purchasing a private aircraft typically involves the preparation of a letter of intent (LOI) or other nonbinding offer for the purchase of the aircraft. The LOI sets...more

Parker Poe Adams & Bernstein LLP

Is that Letter of Intent Enforceable?

Letters of intent, or term sheets (“LOIs”), are commonly used in M&A and other corporate transactions. However, when discussions between parties breakdown the question often arises, are any of the terms in the LOI...more

Burns & Levinson LLP

Two Ways to Use Your Letter of Intent to Lock up a Deal – Maybe, For Good!

Burns & Levinson LLP on

Letters of intent (LOI) are routinely used after business people have reached some degree of common ground on a potential deal. Sometimes an LOI comes very early on, before the parties know whether an ultimate agreement is...more

Shumaker, Loop & Kendrick, LLP

Letter of Intent: Gateway to a Deal

Your time is valuable. So is the business that you are thinking about selling or the business you intend to acquire. You may also be thinking that before running up professional advisor costs, your business folks should...more

Buchalter

Estimates in Letters of Intent Can Come Back to Bite

Buchalter on

With the beginning of the new year, it is important to remember that letters of intent—and landlord generated items delivered pursuant to a letter of intent – have legal consequences, even when the terms of the letter of...more

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