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Draft a letter of intent (LOI) based on the Seller Deal Notes (attached). The letter of intent or a separate document should contain, where needed, comments that ask questions or explain drafting decisions or risks to the client. You may write this as a cover email.
Please also address the following items by drafting an appropriate provision and providing comments regarding your draft provision:
Is the LOI binding or nonbinding? Explain your rationale.
If things do not work out, how will the LOI and the relationship between the parties terminate? Will they be able to simply walk away? Are there any surviving liabilities or obligations?
Include two or three boilerplate provisions and explain why you chose those boilerplate provisions. You may use the sample LOI from the Week 7 readings as a starting point for drafting your LOI.
This assignment is to be completed individually. Points will be deducted for poor formatting or assignments that do not conform to the instructions.
1.Formatting and following instructions will matter
2.You may use any templates or materials provided
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