Early on in any business negotiation involving a buyout or merger, a Letter of Intent (LOI) should be drafted in order to lock in certain negotiation rights. Done correctly, a LOI can provide a business with a vital bridge between mere discussions and a binding contract. While the use of a LOI is not required, it can provide many benefits in the acquisition process and can help avoid future problems. This program introduces you to the practical advantages and disadvantages of LOIs, strategic factors in drafting and negotiating LOIs, binding and non-binding provisions, conditions to closing the transaction as well as establishing a timeline and closing date.
As a result of this program, you will understand:
- Practical advantages and disadvantages of using LOIs
- Strategic factors in negotiating LOIs
- Managing the negotiation and drafting process
- Non-binding and binding provisions
- Conditions to closing the proposed transaction
- Establishing a timetable and closing date
- Legal considerations and enforceability of LOIs
Program materials include:
- Letter of Intent
- Binding Letter of Intent
- Merger Memorandum of Understanding
- Offer to Purchase Business Assets and Goodwill
- Letter of Intent For Friendly Acquisition of Public Company
This program is included in the following series:
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.