Draft a letter of intent (LOI) based on the Seller Deal Notes (Word). Please be sure to include within the LOI 2-3 appropriate boilerplate provisions. In addition, please provide a written set of comments that ask questions or explain drafting decisions or risks to the client. Your comments should address the following issues: (1)Is the LOI binding or nonbinding? Are the parties irrevocably committing to proceed with the deal upon signing the LOI? Explain your rationale. (2)If things do not work out, how will the LOIand the relationship between the partiesterminate? Will they be able to simply walk away? Do the parties have any liabilities or obligations that would survive the termination? (3)Explain why you chose the boilerplate provisions that you included in the LOI.

Answer rating: 100% (QA)

Your Name Your Address City State Zip Your Email Address Your Phone Number Date Recipient Name Company Name Address City State Zip Dear Recipient Name Re Letter of Intent for Description of Transactio... View the full answer