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Draft Letter of Intent in Iowa for Business

How much does it cost to draft a Letter of Intent in Iowa? Below are summary details about a user that needed to draft a Letter of Intent in Iowa for Business. This cost data comes directly from ContractsCounsel's online marketplace. The user received 8 bids to draft the Letter of Intent at a pricing range of $350 - $1,500 on a flat fee. The data includes project specifications and Letter of Intent pricing. To review more pricing data, visit Letter of Intent pricing.
Service type
Draft
Document type
Letter of Intent
Location
Iowa
Client type
Business
Client industry
Business
Deadline
Less than a week
Pricing Range
$350 - $1,500 (Flat fee)
Number of Bids
8 bids

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Lawyers that Bid on this Letter of Intent Project

Founding Member/Attorney

(49)

10 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$350/h

Corporate and Commercial Lawyer

(119)

9 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$200/h

Contract, M&A, E-Commerce Attorney; Contract Dispute and Dispute Resolution Specialists

(60)

24 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$500/h

Principal Attorney

(405)

14 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$450/h

Other Lawyers that Help with Iowa Projects

Attorney

(33)

6 years practicing

Free consultation

Get Free Proposal
$300/h

Attorney

(4)

16 years practicing

Free consultation

Get Free Proposal
$225/h

Lead Attorney

(7)

12 years practicing

Free consultation

Get Free Proposal
$200/h

Other Lawyers that Help with Letter of Intent Projects

Founder, Branch Legal LLC

(55)

12 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$350/h

Managing Partner

(6)

29 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$450/h

Attorney at Law

(4)

7 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$300/h

Attorney

(1)

13 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$275/h

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Forum Questions About Letter of Intent

Letter of Intent

New York

Asked on Mar 3, 2021

Can a Letter of Intent be legally binding?

I am currently in negotiations with a potential business partner to establish a joint venture, and we have exchanged a Letter of Intent outlining our intentions and key terms. However, I am unsure if this document holds any legal weight and can be considered binding in a court of law. I want to understand the legal implications of a Letter of Intent and whether it can be enforced if either party breaches the terms stated in the document.

Damien B.

Answered Mar 3, 2021

The enforceability of a Letter of Intent (LOI) depends on its wording. LOIs are usually intended as non-binding expressions of good faith and a framework for further negotiations. They often contain language stating they are not enforceable agreements. However, under certain circumstances, LOIs can become partially or fully binding. If you want the LOI to be legally binding, like confidentiality clauses, have a lawyer review it and ensure the wording reflects that intent. Given the potential complexities, consulting a lawyer experienced in business contracts is highly recommended. An attorney can analyze your LOI and advise you on its enforceability and how to proceed with your joint venture negotiations.

Read 1 attorney answer>

Letter of Intent

Texas

Asked on Mar 3, 2021

Can a buyer back out of a purchase agreement?

I am trying to sell my company and the buyer has gone silent. We have top terms agreed to and a LOI signed, but we have not put a purchase agreement in place yet. Can they legally back out if we have a LOI signed?

Michael S.

Answered Mar 3, 2021

With the caveat that I am a Pennsylvania and not Texas attorney, most LOI's are non-binding, unless the LOI itself provides otherwise. A lawyer would need to review the LOI to determine whether the deal can be enforced. Mostly likely, however, it cannot be enforced.

Read 1 attorney answer>

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