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
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