Clients like letters of intent. Letters of intent can be developed easily and shipped out quickly to get a deal rolling. They can lay out basic terms of a deal in laymen's language, and in just a few pages, so the parties can decide if they are generally on the same page. They can even be used to create certain obligations, say a no-shop provision, giving a buyer some comfort that it will not have the rug pulled out from under it before it can cut a deal.
9th Circuit Holds Letter of Intent Enforceable
The Legal Intelligencer
August 1, 2011
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.