When Are Preliminary Agreements Enforceable? Best Practices When Using LOIs, MOUs And Term Sheets (Webinar)
Parties negotiating a commercial transaction often use a letter of intent (LOI), a memorandum of understanding (MOU) or term sheet to aid their discussions. Care must be used when drafting and using these documents, otherwise they may result in unintended binding obligations, or, other hand, fail to make certain obligations remain enforceable. Learn when “preliminary agreements” are enforceable under New York law as well as best practices and practical tips for drafting and using MOUs, LOIs and term sheets for a commercial transaction as well as how to protect clients from unintended obligations and how to make key terms (break-up fees, no-shop clauses and confidentiality clauses) fully binding.
- June 18, 2020
- 2:00 PM
- 3:00 PM
- Virtual Participation
- Committee On Continuing Legal Education
- Business Law Section