Is a Letter of Intent Necessary in an M&A Transaction?

Is a Letter of Intent Necessary in an M&A Transaction? | Aimee B. Davis

{3:42 minutes to read} There’s a debate raging among transactional attorneys about whether entering into a letter of intent (LOI) in advance of negotiating a purchase agreement is a necessary step in the M&A process. An LOI summarizing the basic terms of a proposed deal provides an outline for the longer form purchase agreement. Some attorneys think it’s penny wise but pound foolish not to have an LOI.

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