LOI Addback Language

by a searcher from Northwestern University - Kellogg School of Management

1 year ago

I'm reviewing CIM's with significant add backs that will need scrutinizing in the diligence phase. In interest of moving the LOI and the deal moving forward, does anyone have any good language they have put in LOI's around accepting the add backs at face value but will validate in due diligence. This is simply an exercise in being clear and setting expectations up front.

Thanks all.

2 likes
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11 comments

professional from Villanova University - Villanova School of Business

Yes, Darryl's language is similar to how we draft our LOI's. Let me know if you need legal support in drafting or reviewing your LOI. I would be happy to help!

1 year ago | like reply | 1 like

searcher from University of Kentucky

I have always taken Rogers approach, basically summarizing as "Offer subject to due diligence".

1 year ago | like reply | 1 like

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