Tyler E. Chapman authored an article published in the August 2015 issue of New England In-House on letter of intent drafting tips for in-house attorneys.
Mr. Chapman writes that letters of intent are commonly used to outline important deal terms and identify further negotiations prior to completion of complex transactions.
He offers suggestions on how to craft language that meets the objectives of clients, such as including a "safe harbor" provision that makes the letter of intent non-binding. In addition to drafting tips, Mr. Chapman analyzes leading case law on this topic.
Mr. Chapman, a partner at the firm, has a general commercial litigation practice with a focus on real estate matters, complex business litigation, and closely held business disputes.