25Nov
Letters of Intent: A Litigation Trap for the Unwary
Letters of intent, or LOIs, serve an important purpose in corporate deals and M&A, and their use is widespread. Equally widespread is litigation concerning their enforceability. Unless commercial parties are careful, they may find themselves embroiled in litigation even though they never intended for their preliminary agreement — whether in the form of an LOI or a term sheet — to be enforceable....
By:
Kramer Levin Naftalis & Frankel LLP
Related
The procurement process for a public-private partnership differs in many respects from the ordinary ...
Read More >
Pacta sunt servanda, i.e., agreements must be kept. This applies in both good economies and bad. Co...
Read More >
This Hallmark was significantly expanded in both the 2019 Guidance and the FCPA Corporate Enforcemen...
Read More >
This week, the U.S. Court of Appeals for the District of Columbia Circuit decided the matter of Duqu...
Read More >
On August 9, 2019, Illinois Governor J. B. Pritzker signed the Workplace Transparency Act (the “WTA...
Read More >
Remeasurement provisions are commonly used in construction and engineering contracts where there is ...
Read More >