Although nonbinding, the letter shows a seller that a buyer has an interest in setting up terms for purchasing the business, ...

July 2009 Hadef & Partners' M&A team discuss the various approaches to drafting letters of intent including the ways in which such can in fact impede or endanger the deal process if not handled ...

Find out when a letter of intent (LOI) is binding and non-binding. Understand the role of drafting language, and when an LOI is treated like a contract.