Letters of Intent in Business Transactions: Avoiding Legal Pitfalls When Documenting Preliminary Deal Terms
Minimizing Disputes Over Whether LOI is Binding or Non-Binding, Avoiding Unintended Performance or Financial Obligations
Recording of a 90-minute CLE webinar with Q&A
This CLE course will prepare business counsel to negotiate, draft and enforce letters of intent (LOIs) for various types of corporate transactions. The panel will review the latest legal developments with LOIs, including disputes and litigation over whether LOIs are binding, the impact of the parol evidence rule, the parties' duty to negotiate in good faith, and more.
- Advantages and disadvantages of letters of intent
- Structuring the letter of intent
- Avoiding or prevailing in disputes over binding and non-binding provisions in letters of intent
The panel will review these and other key issues:
- What are the primary advantages and disadvantages of entering an LOI?
- What terms should be included in LOIs?
- What factors do courts typically examine when determining whether to find an LOI binding?
Tiffany & Bosco
Ms. Lu serves the transactional needs of businesses and their owners by assisting them with business formation,... | Read More
Ms. Lu serves the transactional needs of businesses and their owners by assisting them with business formation, joint ventures, mergers and acquisitions, and other business agreements. She also provides guidance to businesses concerning disputes among owners and related fiduciary duties. In addition, she assists clients with regulatory and governance issues related to the U.S. Small Business Administration and other federal, state, and local programs.Close
Morris A. Nunes
Attorney Morris A. Nunes
Mr. Nunes specializes in business counseling and transactional work. His practice focuses on representing and... | Read More
Mr. Nunes specializes in business counseling and transactional work. His practice focuses on representing and counseling privately held businesses, their owners and the owners’ families, as well as non-profits and trade associations. He is a frequent CLE presenter on business law topics and authored five books, including Basic Legal Forms for Business, The Right Price for Your Business and Balance Sheet Management, as well as many articles in professional and financial publications. Mr. Nunes currently serves Of Counsel to King Yaklin & Wilkins in Georgia.Close