Legal Blog Articles by Dan Brecher
Dan Brecher is a securities offerings & corporate disclosures attorney who writes articles on securities offerings & corporate disclosures, mergers & acquistions, and litigation.
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Can Businesses Use a Letter of Intent as a Binding Agreement to Work Together?
Author: Dan BrecherDate: August 31, 2021
When businesses agree to work together, there are often a lot of details to work out. A letter of intent or memorandum of understanding can be used to formalize an agreement to move forward toward a mutual goal. Whether it amounts to a legally-binding contract depends on the intent of the parties, so it’s essential to make sure everyone is on the same page.
In many cases, a letter of intent or memorandum of understanding (MOU) is not a contract. Instead, it signals that a more formal (and legally binding) agreement is contemplated at the conclusion of the negotiations. In addition to confirming a willingness to work together, a letter of intent may also outline the purpose and the scope of negotiations and outline what has been agreed to so far.
SEC Approves NASDAQ Board Diversity Rule – What Listed Companies Must Do Next
The SEC recently approved Nasdaq Inc.’s Board Diversity Rule, which will require all companies listed on Nasdaq’s U.S. exchange to publicly disclose...
Will the SEC Issue New Disclosure Rules for de-SPAC Transactions?
The SEC is keeping a close eye on special purpose acquisition companies (SPACs)... The Securities and Exchange Commission (SEC) is...
Will the SEC Move to Restrict Private Offerings Under New Leadership?
The SEC rulemaking agenda includes rule proposals that could significantly impact the private offering market... The Securities and Exchange Commission’s...
Will You Be Impacted by the SEC’s New Regulatory Agenda?
The SEC recently announced its regulatory agenda, which reflects short-term and long-term actions to be taken by the agency... The...
