Standard LOI Terms

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January 10, 2025

by a searcher from Northwestern University - Kellogg School of Management in Chicago, IL, USA

Happy Friday!

Looking for standard LOI terms for a smaller self funded searcher deal. Target company is in home services and sub $1M revenue. I have an LOI template from the broker but wondering what is fairly standard term wise.

Thanks!

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Reply by a searcher
from Northwestern University in Chicago, IL, USA
Hi Matt, exciting stuff. The Stanford primer has some good templates - https://www.gsb.stanford.edu/experience/about/centers-institutes/ces/research/search-funds/primer
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Reply by a professional
from University of Colorado at Denver in Denver, CO, USA
Hi Matt,
We have a course on LOIs (https://dealacademy.org/), or also happy to talk through what's standard in our experience- feel free to reach out, redacted We do a ton of SMB deals in this revenue range.
-Tom
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