Instructions

This assignment contains 2 parts. You will draft a letter of intent and appropriate provision responses.

Part 1: Letter of Intent

Draft a letter of intent (LOI) based on the Deal Notes From Seller. The LOI should contain, where needed, comments that ask questions or explain drafting decisions or risks to the client.

Part 2: Provisions

Please also address the following items by drafting an appropriate provision and providing comments regarding your draft provision:

1. Is the LOI binding, nonbinding, partially binding? 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? Are there any surviving liabilities or obligations? What happens to the information that may have been exchanged?
3. Include two or three boilerplate provisions and explain why you chose those boilerplate provisions.