LOI / Exclusivity

Once you have accepted an offer, we will negotiate the Letter of Intent (LOI) on your behalf. Whilst it is not wholly legally binding it is an important document that sets out clearly the basis for the offer and also reflects the conversations that have happened since initial proposals were received. We will insist it provides clarity on funding, Board or Credit Committee approval, as well as a detailed overview of the performance and measurement criteria where an earnout structure is involved.

The LOI will usually ask for a period of six to eight weeks exclusivity to close the deal during which time the buyer undertakes the legal, financial and commercial due diligence.