EsqSocial

Many transactions begin with the delivery by one party to the other of a letter of intent (“LOI”). The LOI is a document setting forth the parties’ intent to enter into a transaction and summarizing certain salient business terms. If the parties cannot agree, it would be better to learn that early on during the LOI stage rather than later after expending substantially more time and resources. In many cases, LOIs include both non-binding and binding terms, each of which should be clearly...
By: Cole Schotz