Free PDF How to Write LOIs and Term Sheets: An Executive's Guide to Drafting Clear Legal Documents Before Bringing in the Lawyers, by Jonathan Hand
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How to Write LOIs and Term Sheets: An Executive's Guide to Drafting Clear Legal Documents Before Bringing in the Lawyers, by Jonathan Hand
Free PDF How to Write LOIs and Term Sheets: An Executive's Guide to Drafting Clear Legal Documents Before Bringing in the Lawyers, by Jonathan Hand
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Read this book before you do your next tech deal. Here's why: Executives are often called upon to write letters of intent (LOIs), term sheets, and deal proposals before "bringing in the lawyers." These documents are almost more important than the actual contract, because they establish the framework of the deal. The wrong phrasing or an omitted point can result in a flawed deal, frustrating negotiations, a loss of leverage, and unnecessary legal expense. This short book (30 pp.) will you help you avoid those pitfalls, by enumerating issues common to many LOIs, term sheets and proposals and suggesting what to do - and not to do - when drafting these plain-language legal documents. It's packed with dozens of specific, easy-to-understand tips. The result? You'll save money and have better legal documents more quickly. Author Jonathan Handel is an entertainment and technology attorney. He is a graduate of Harvard College and Harvard Law School.
- Sales Rank: #716971 in eBooks
- Published on: 2009-04-03
- Released on: 2009-04-03
- Format: Kindle eBook
About the Author
Jonathan Handel, a former computer scientist, is anattorney practicing technology and entertainment law at TroyGould in Los Angeles. His law practice focuses on the intersection of entertainmentand technology, including new media. He holds an A.B. magna cum laude in Applied Mathematics (Computer Science) from Harvard College, and a J.D. cum laude from Harvard Law School.Handel has been interviewed on television, radio and in newspapers andonline over 600 times. The Daily Journal legal newspaper named him oneof the top 100 attorneys in California in 2008, citing his extensivemedia appearances regarding strikes and labor disturbances in Hollywoodand the degree to which he helped shape coverage of those stories.Handel has published op-ed pieces in the Los Angeles Times andelsewhere, and blogs extensively on the Huffington Post and jhandel.com. He welcomes feedback on this book, and can be reached atjhandel@att.net.
Most helpful customer reviews
2 of 2 people found the following review helpful.
As light as its price
By Scott
Generally speaking, not so excided, but still acceptable in terms of the price. it does not go any furhter re important terms, nor does it provide any vivid example. it should be ok for a beginner who just wants to know what an LOI or term sheet is.
2 of 3 people found the following review helpful.
Don't Write A Letter of Intent Without This Guide
By Amazon Customer
This is a short but powerful guide. It's sort of a checklist, except that the author explains each point. He also assists in helping you to write clearly to avoid misunderstandings, and to avoid confusion over issues. With business issues being so complicated today, LOI's are more sensible and even necessary for business executives. Until you have a deal in principle, you aren't going to spend a fortune on a law firm drafting a massive offer to purchase. It wouldn't even make sense--too many unresolved issues. This way, using an LOI drafted with the assistance of this guide, you can submit a letter outlining your proposal. If it gets accepted in principle, then you can go to the lawyers for more specific and detailed contracts. A hidden benefit: if it's a real estate deal, or financing deal, you are usually required to give a good faith deposit with your contract. Here, with the LOI, there's no deposit. Since you'll have a clause whereby both sides agree to negotiate the formal contract in good faith, you have effectively tied up the asset without a dime! That's a tremendous benefit, especially if you don't have the large deposit that some deals require. If your LOI gets accepted in principle, you have time during the negotiating ofthe formal contract, to dig up the deposit.
So the LOI is indispensable for wheeler-dealers. This guide is indispensable for LOI users. Same idea of terms sheets. For those of you who might complain that there are no precedents or sample LOI's or terms sheets in the ebook, I partially concur. That's why I give it a 4 out of 5. But the author would have had to put in a ton of precedents for different situations, and expose himself to greater liability if a precedent on your niche was not applicable and you had problems. So I understand the ebook leaving out precedents. But you can get them from online legal precedent services, and probably even search engines. Google "letter of intent" and you'll see samples to use for form. Then make sure to use this ebook to fill out content and make it understandable.
1 of 1 people found the following review helpful.
nothingburger
By Drew Clark
Nothing there in this not substantial book. I must write an additional 13 words in order to write this review.
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