LETTER OF INTENT
By Admin | 10 Apr, 2020

- By laying out the general terms, the specifics points to be considered delayed:
When you look more closely, you will notice that the LOI generally creates more questions than it actually answers. What one party may feel is vital is completely different from what the other party feels is vital to the agreement. More often than not, problematic terms are unintentionally (or perhaps intentionally) omitted to delay conflict. - Contract without boundaries can put any transaction at risk:
When people are motivated to come to terms and “lock down the practice” or “buy the desired business” people tend to negotiate lot more to sticking points quickly without getting hung-up on immaterial matters.
When you look more closely, you will notice that the LOI generally creates more questions than it actually answers. What one party may feel is vital is completely different from what the other party feels is vital to the agreement. More often than not, problematic terms are unintentionally (or perhaps intentionally) omitted to delay conflict.
When people are motivated to come to terms and “lock down the practice” or “buy the desired business” people tend to negotiate lot more to sticking points quickly without getting hung-up on immaterial matters.