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Letter of Intent: Strategic Tag of an Acquisition. by Maxime Hardouin, Lawyer.
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What is a Letter of Intent? When must one be signed? What is it legally worth? These questions arise systematically when a transfer or acquisition transaction enters a serious phase. Between willingness to move forward and the need to protect oneself, the letter of intent (or "LOI" for "Letter of Intent") is a flexible but demanding tool. Here's how to deal with it effectively, without false steps. What is the purpose of a letter of intent? The …
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