The Letter of Intent is Not Binding. So, we can negotiate later, right?
The first step in selling a business or firm is often a letter of intent (LOI). Many sellers see this as a document of no significance that should be signed right away because the ‘real’ transaction will be negotiated later. This isn’t correct. Instead, the LOI sets the key terms and conditions for the transaction […]
The Letter of Intent is Not Binding. So, we can negotiate later, right? Read More »