Description
A Letter of Intent (LOI) is a pivotal document during the early stages of business transactions, setting out the essential terms of a deal. The LOI is often the parties’ first pass at putting the detailed terms and finalization mechanisms of a deal in writing, and may heavily influence the negotiations of the deal’s full terms to follow, as well as helping to guide the parties as conflicts arise. As such, LOIs demand careful attention and a meticulous drafting approach from both counsel and client.
So, before you start on your next LOI, register for and attend this comprehensive session on when to use LOIs and how to draft effective and clear LOIs. After attending, you’ll be able to draft LOIs that reflect your clients’ true intentions and avoid the many pitfalls that often follow a poorly drafted LOI.
During this course, our esteemed faculty examine LOIs from both drafting and litigation perspectives, providing you with practical insights and strategies for crafting robust and clear LOIs. Key topics include:
- When to use an LOI in business transactions
- Techniques for negotiating and drafting LOIs from the perspectives of buyers and sellers
- Distinguishing between an LOI and a term sheet
- Crafting key provisions in an LOI, and knowing which provisions to avoid or reframe
- The impact of case law on LOIs that do not lead to a finalized deal
- How to integrate Non-Disclosure Agreements (NDAs) with LOIs, and when to separate them
By the end of this course, you'll have the knowledge and the tools necessary to draft LOIs that minimize the risk of disputes and help your clients achieve their desired outcomes.
This accredited program by American Law Institute Continuing Legal Education will benefit lawyers who draft letters of intent, contracts, and memorandums of understanding for commercial transactions.