Learn the importance of a carefully crafted letter of intent and how it can help you achieve your objectives.
If a merger or acquisition is a marriage between two businesses, the Letter of Intent is the engagement ring. It is a vital step in the business acquisition or sale process. Its power in negotiating key terms is often overlooked when passed off as a mere perfunctory step. This webinar is designed to illuminate the Letter of Intent as both a vital negotiation and a deal management tool. Additionally, it will provide a solid Merger and Acquisition process overview, ensure your familiarity with key terms, and show you how the Letter of Intent is its keystone.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Is the Letter of Intent?
- What Is an Indicative Letter of Interest?
How It Fits Into the Transaction Process?
Relationship Between the Letter of Intent and the Non-Disclosure Agreement (NDA)
Relationship Between the Letter of Intent and Definitive Agreements, Such as Purchase and Sale Agreement (PSA)
How the Letter of Intent Is an Important Tool in the Negotiation of the Deal
Key Elements of a Letter of Intent
Letter of Intent Structure
- Transaction Structure
- Due Diligence
- Closing Conditions and Contingencies
- Binding vs Non-Binding Letters of Intent
- Earnest Money and Break-up Fees
- Exclusivity/No Shop
- Non-Solicitation
- Other Key Provisions
When to Involve Counsel
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 15, 2023.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.5
- This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- CT CLE 1.5
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
- GA CLE 1.5
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
- HI CLE 1.5
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
- MO CLE 2.0
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.6
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 97 Minutes.
- PA CLE 1.5
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- WV MCLE 2.0
- This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Eric Edwards, CFC
The Franchise Guru
- Consultant for Franchise Guru and Axiomate
- Specializes in due diligence in the acquisition of existing franchised businesses
- Negotiation efforts for at least 25 businesses varying size up to $150M
- Previous work includes directing acquisitions for P2 Energy Solutions. Previously served as CFO and COO of operating units of Ticketmaster and Sigma Design, and started out working for KPMG in New York and Ernst & Young in Denver
- B.S. in Accounting, State University of New York
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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