Do you use a lawyer to draft a new LOI each time? Or do you use a template?
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by a searcher
from University of Guelph
in Toronto, ON, Canada
in Toronto, ON, Canada
6yrs ago
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by a searcher
5yrs ago
from The University of Chicago in Denver, CO, USA
from The University of Chicago in Denver, CO, USA
Matt's advice above is great. My LOIs have tended very much toward the non-binding and informal. I have found that the more conversational and non-legal-sounding the better.
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by an investor
2yrs ago
from The University of Michigan in San Diego, CA, USA
from The University of Michigan in San Diego, CA, USA
We use a template for most LOIs, but have counsel review it when the situation falls outside of our normal parameters and we want a 2nd set of eyes before submitting to the seller.
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