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Articles tagged with: letter of intent


The Non-Binding Letter of Intent

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The legal documentation that is involved in the purchase or sale of a business, or in other major business transactions, can be complex. To assist with fleshing out the main points of the deal (e.g., transaction structure, price, etc.), many parties in commercial transactions typically enter into a "Letter of Intent" ("LOI") (also referred to as a "Memorandum of Understanding" or "Term Sheet").


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