News & Analysis as of

Letters of Intent Commercial Real Estate Contracts

Troutman Pepper

Letters of Intent in Commercial Real Estate Leases

Troutman Pepper on

Letters of intent (LOIs) are frequently used by parties to formalize terms for commercial real estate leases. LOIs are implemented in the beginning stages of a transaction to ensure there is a meeting of the minds on major...more

Whitman Legal Solutions, LLC

Anatomy of a Real Estate Transaction–Pre-Contract Period

Like musical compositions, most real estate transactions share a common pattern. This is the second in a series of articles about the Anatomy of a Real Estate Transaction. This article discusses what happens before the...more

Whitman Legal Solutions, LLC

Anatomy of a Real Estate Transaction – Parts of the Transaction

Real estate transactions are similar to musical forms. Most follow a similar pattern, but like real estate, each transaction is as different as each parcel of real estate, itself.  This is the first in a series of articles...more

Allen Matkins

Five Strategies to Increase Buyer Leverage in Sign-and-Go-Hard Transactions

Allen Matkins on

Sign-and-go-hard transactions have become the new normal in the feverish real estate market of recent years. While standard purchase agreements typically contain a diligence period during which the buyer may terminate the...more

Ward and Smith, P.A.

Pre-Closing Due Diligence with Commercial Real Estate Helps Avoid Post-Closing Remorse

Ward and Smith, P.A. on

Your business has taken off, and you've been searching for that perfect 7,500 square foot building on an acre of land close to town, with parking and a view, and you've finally found it. Mission accomplished, right? Not...more

Bowditch & Dewey

Land Court Finds that Texting Can Bind Parties

Bowditch & Dewey on

The Massachusetts Land Court has held that text messages may form a binding contract in connection with the sale of real estate!! While neither punctuation nor colorful texting acronyms can make this decision more noteworthy...more

Cozen O'Connor

Text Messages Add New Layer of Risk to Deal-Making in the Modern Age

Cozen O'Connor on

Texting is becoming ubiquitous in this era of 24/7 connectivity, but a recent court decision stands as a strong reminder that those quickly composed texts can be held up as a “writing” sufficient to seal a multi-million...more

Manatt, Phelps & Phillips, LLP

A Closer Look at "Accidental Contracts"

While the intention of the parties in the deal may be straightforward, unfortunately the law is often not. Most real estate deals begin with a letter of intent (or term sheet) spelling out the principal terms of the deal....more

Manatt, Phelps & Phillips, LLP

Can You Keep a Secret?

Most real estate deals begin with a letter of intent defining the principal terms of the deal, the only enforceable paragraph of which is an agreement to keep the transaction strictly confidential. Prior to the start of due...more

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