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Draft Letter of Intent in Texas for Oil & Energy Business

How much does it cost to draft a Letter of Intent in Texas? Below are summary details about a user that needed to draft a Letter of Intent in Texas for Oil & Energy Business. This cost data comes directly from ContractsCounsel's online marketplace. The user received 7 bids to draft the Letter of Intent at a pricing range of $1 - $3,400 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
Texas
Client type
Business
Client industry
Oil & Energy
Deadline
A week
Pricing Range
$1 - $3,400 (Flat fee)
Number of Bids
7 bids

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Lawyers that Bid on this Letter of Intent Project

Managing Member

17 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$595/h

Corporate Lawyer

(111)

9 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$200/h

Lawyer

(131)

8 years practicing

Free consultation

Letter of Intent
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$245/h

Contract, E-Commerce Attorney & Dispute Resolution Specialists

(59)

24 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$450/h

Other Lawyers that Help with Texas Projects

Attorney

(51)

26 years practicing

Free consultation

Get Free Proposal
$400/h

Associate Attorney

(1)

3 years practicing

Free consultation

Get Free Proposal
$200/h

Attorney

(8)

41 years practicing

Free consultation

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$275/h

Attorney

(8)

3 years practicing

Free consultation

Get Free Proposal
$350/h

Other Lawyers that Help with Letter of Intent Projects

Principal

(1)

7 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$250/h

Attorney

(63)

6 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$200/h

Corporate Lawyer

(2)

2 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$200/h

General Counsel

(1)

8 years practicing

Free consultation

Letter of Intent
Get Free Proposal
$250/h

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Forum Questions About Letter of Intent

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>

Letter of Intent

Ohio

Asked on Mar 3, 2021

What is the purpose of a letter of intent?

I am buying a small business and have read I should put a letter of intent in place. I see they can be binding and non-binding. Why do I need to send a letter of intent? What is the benefit for the buyer?

Donya G.

Answered Mar 3, 2021

A letter of intent establishes the initial negotiations of the parties; they are typically non binding. The LOI sets out what the parties should expect the agreement would look like, so that everyone is on the same page. For the buyer, it tells the seller what they want; and while no binding, it should only include terms that the parties agree upon. Those terms will be used in the Asset Purchase Agreement (APA) or Purchase and Sale Agreement (PSA) which is binding. As an attorney that focuses on the purchase and sale of businesses, I can assist you with the LOI as well as the documents required for purchasing the business and closing the deal. Donya Gordon

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