A letter of intent is often used to confirm the mutual understanding of a prospective deal — in other words, the prelude to a full-blown agreement. All parties involved, however, should be aware that ...

Despite having no binding effect in the law, a letter of intent is one of the most important agreements a seller of business shares will sign. It establishes the price and core terms of the deal and ...

Charities often ask donors who have made a revocable estate gift to complete a form to provide more information about the type of gift, its amount, and how they would like to be acknowledged. While ...

A letter of intent is a document in which one or more parties signify an intention to do or to refrain from doing one or several things. Letters of intent (LOIs) are controversial under law being ...

When operating a small business, available cash is vital for operating costs and emergencies that may arise. Many small business owners set up a credit account with their suppliers to give them up to ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

LOIs start negotiations and clarify initial deal points but are not legally binding. Common in real estate and M&A, LOIs signal readiness to engage in due diligence. Terms in an LOI often evolve as ...

In last week's blog posting, we discussed how to prepare your business and dress up your bottom line in anticipation of a sale or merger. This week, we take a step farther down the bumpy road of ...