A letter of intent is often used to confirm the mutual understanding of a prospective deal — in other words, the prelude to a full-blown agreement. All parties involved, however, should be aware that ...

Forbes contributors publish independent expert analyses and insights. Providing tools and resources to start, grow and manage your business. In acquisitions of privately held companies, an acquisition ...

Details on college football ousting the National Letter of Intent format that we've known to seal the deal between prospects and college football programs for decades. The NCAA Division I council ...

LOIs start negotiations and clarify initial deal points but are not legally binding. Common in real estate and M&A, LOIs signal readiness to engage in due diligence. Terms in an LOI often evolve as ...