09/09/2026
You agreed on the price. You're ready to sign the LOI. Stop for a second it's probably not the first document you should sign.
Before financial details, contracts, or employee information change hands, the NDA comes first. Then the LOI and it deserves more attention than most people give it. Its real job is to lock in the major terms early: price, deal structure, financing, due diligence, closing conditions, exclusivity. Settle those now, and you spend a lot less time and money fighting over them later.
Here's the catch: LOI provisions are often called non-binding, but depending on where you are, some of them can still be legally enforceable. This isn't just paperwork.
Before you sign an NDA or LOI to buy or sell a business, get it reviewed by M&A counsel.
Comment "LOI" and we'll send you what to check before you sign. π
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