Remember Me | Login Help
 

Buzz Archive:
Letters of Intent — Ties that Bind?

by Daniel E. Wolf, Partner at Kirkland & Ellis LLP, 3/3/2010

A recent Delaware bench decision from newly appointed VC Laster on a motion for a temporary restraining order offers a timely reminder of potential pitfalls for parties entering into letters of intent or term sheets (for ease of reference, collectively referred to as LOIs) with the expectation that they merely represent an unenforceable "agreement to agree."

Sound off on this week's buzz in the Comments Section.

Premium Content
This section of VC Experts is premium content and only available to accounts which have a subscription. If you have an account that has access to this section, please login now.

Register For The Buzz Archives
Encyclopedia of Private Equity & Venture Capital (Monthly Recurring Subscription) Cost: $59.00
Single User - One Year of Complete Access (Best Value) Cost: $495.00