Clarify the essential differences between specific legal documents and learn best practices for the use of letters of intent.
Too often, Letters of Intent are used in place of term sheets, or even contracts, because legal practitioners or, more commonly, their clients - fail to understand the essential differences between letters of intent, term sheets, and contracts. Using the right document for the right purpose, at the right time is essential to every deal. Failure to do so can lead to negative consequences, such as inadvertent disclosures of confidential information, premature contract formation, unclear contract terms, unintentional partnerships or joint ventures, or failed negotiations.
Agenda
Essential Qualities of Letters of Intent
- Written Letter
- Containing Clearly Stated Terms of a Proposed Deal
- Not Legally Binding
Best Use Cases of Letters of Intent
- Any Proposed Deal
- When Parties Are Unclear
- When Terms Are Unclear
- When Nature of Activity Is Unclear
Letters of Intent and Due Diligence
- Letters of Intent Issue Before Due Diligence
- Due Diligence Is Used to Verify Disclosures in Letters of Intent
- Final Terms May Differ From Those in Letters of Intent-Based on Due Diligence Results
Letters of Intent vs. Contracts
- Letters of Intent, Term Sheets, and Parole Evidence
- Legally Binding vs. Non-Binding
- Elements of a Contract
- Offer
- Acceptance
- Consideration
- Recommended Disclaimers
Letters of Intent and NDAs
- Necessary and Essential Disclosures
- Limiting Disclosures
- Non-Disclosure Agreements
Speakers
Noel R. Bagwell, III, Esq.,
Executive Legal Professionals, PLLC- Founder of Executive Legal Professionals, PLLC (ExecutiveLP®)
- Founder of Lead Again Consulting™
- Accomplished public speaker and legal trainer to thousands of attorneys and entrepreneurs, nationwide
- Author of How to Structure Your Business for Success: Choosing the Correct Business Structure for Your Entity and Lead Again: Survive Any Setback and Reclaim Calm Amid Crisis
- Winner of the Clarksville, TN Mayor’s Certificate for servant leadership, ongoing sacrifice, and commitment to collaboration and inclusion within a small business community
- Four-time winner of the Tennessee Supreme Court’s Attorney for Justice Award
Who Should Attend
This live webinar is primarily designed for attorneys. Other legal professionals may also benefit from attending.
