December 2019
Tuesday, December 17, 2019
Letters of Intent in Real Estate Transactions
Topics to be covered:
- Defining timeframes for negotiations/operative agreements & expiration of letter
- Core economic terms – purchase price and holdbacks, lease payments, escalator clauses
- Deposits – hard money v. soft money – and escrow instructions
- Identifying the property subject to acquisition or lease
- Other major terms – use, exclusivity, environmental issues, etc.
- Confidentiality and non-marketing provisions
Faculty: Anthony Licata, Taft Stettinius & Hollister LLP, Chicago, IL