Seven Pitfalls To Avoid When Negotiating Business Contracts

Avoid these seven pitfalls when negotiating business contracts.

1) Letters of Intent A “non-binding” letter of intent is commonly pursued when parties begin business discussions. Unfortunately, if one of the parties has a change of heart, the letter of intent may work against those who attempt to walk away. Certain phrases can cause the letter of intent to mean more than was originally intended. A court may interpret the letter of intent … [Read more...]