Letters of Intent in Business Transactions

course

COURSE INFO

  • Presentation Date 12/13/2024
  • Next Class Time 12:00 PM CT
  • Duration 60 min.
  • Format Audio Webcast
  • Program Code 12132024
  • MCLE Credits 1 hour(s)


Course Price: $89.00
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COURSE DESCRIPTION

Letters of intent frame the material terms of business and commercial transactions.  They outline with considerable detail the substantive terms of the underlying agreement – price, reps and warranties, closing conditions, etc. They also provide a process by which a definitive underlying agreement will be finalized. But they are not, generally, intended to be definitive agreements themselves; not enforceable, only a substantial starting point. There is, however, a certain point at which the detail in these letters becomes so extensive that they become enforceable.  This program will provide you with a practical guide to the most important substantive and process aspects of letters of intent, their uses and traps, including unexpected enforceability.

 

  • Drafting effective letters of intent in transactions
  • Purposes of letters, timing, relationship to diligence, exclusivity
  • Substantive  terms v. process terms
  • Indemnity, hold back and limitation of liability provisions
  • Termination of a letter and survival of certain provisions
  • Understanding the point at which letters of intent may become enforceable

 

Speaker:

Stephanie Molyneaux is an attorney in the Washington, D.C. office of Venable, LLP, where she assists clients with a wide variety of transactional matters.  Her experience includes mergers and acquisitions, corporate governance, contractual agreements, technology transactions, licensing, and intellectual property transactions.  




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