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 ...

Q: We have probably found a buyer for our agency, and he would like to have us sign a letter of intent. What exactly is a letter of intent? Is it binding? If not, do we even need a letter of intent?

Forbes contributors publish independent expert analyses and insights. Providing tools and resources to start, grow and manage your business. In acquisitions of privately held companies, an acquisition ...

Once a business owner has identified a prospective purchaser of his or her business, a letter of intent will typically be entered into. All too often, merger and acquisition (M&A) lawyers are engaged ...

You’ve just made the deal. The price or rent is set. Call the lawyer (or not), and whip out a letter of intent (LOI). Although this is perceived to be a simple step by so many, it has potentially ...