Shoot the Moon with Revenue Rocket

A Short LOI vs a Long LOI

Episode Summary

When it comes to a Letter of Intent (LOI), we've seen them on the back of a napkin and we've seen a 50 page brief... in this episode, we're talking about the difference between a short LOI and a long LOI.

Episode Notes

We're answering the following questions in this episode of Shoot the Moon:

• What is a letter of intent?
• What is an indication of interest?
• What’s critical in a letter of intent?
• Why would you issue a letter of intent versus as indication of interest?
• The leading line of a letter of intent is it’s non-binding in nature. What portions of an LOI survive if the deal does not close?
• What are the benefits of a longer LOI?
• What risks come with that longer LOI?
• What risks come with a shorter LOI?

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