So Do We Have a Deal or What? Getting to the LOI.

Before engaging a significant number of hours or attorneys’ fees, whether on a confidentiality agreement or a lengthy purchase agreement, the parties to a transaction should ensure that the most crucial terms of a deal are mutually agreed upon. While many clients may be eager to skip the letter of intent (LOI), best practice dictates that mergers and acquisitions attorneys should minimize the risk of future confusion and disputes by entering into one. After all, a stitch in time saves nine. For asset purchase transactions, the following letter of intent to purchase assets can provide the critical terms needed to start the transaction.

READ NOW »

Related Content

• Letter of Intent to Purchase by Merger
  Utilize this form letter of intent for your client’s next merger transaction to ensure that the parties start off on the right foot and in agreement on merger-specific basic terms.
• Term Sheets
  This practice note provides a basic introduction to the benefits and drawbacks of using term sheets, and discusses what terms are typically binding or non-binding.
• Confidentiality/Non-Disclosure Agreements in Private M&A Deals
  After the letter of intent has been signed, a non-disclosure agreement (NDA) will likely need to be signed, if it hasn’t already. Understand the basic terms of NDAs with this practice note, which is focused on private M&A transactions.

Practical Guidance Updates
Featuring the latest updates in Practical Guidance.

• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+