The letter of intent sets the terms that define your entire deal. Our Great Neck LOI attorneys draft, review, and negotiate letters of intent for business acquisitions across Finance, Real Estate, Healthcare, ensuring you lock in favorable terms and avoid costly surprises before you commit to due diligence.
Our managing partner provides selective letter of intent law counsel to clients in Great Neck and nationwide, including:
We engage selectively with capitalized founders and investors in Great Neck and nationwide:
New York is the undisputed capital of M&A deal-making, home to the largest concentration of investment banks, private equity firms, and corporate acquirers in the world. Lower middle-market deals in the $1M-$50M range are driven by professional services consolidation, healthcare practice roll-ups, and technology company acquisitions. The city's dense business ecosystem creates fierce competition for quality targets, with PE-backed platforms actively seeking add-on acquisitions across the tri-state area.
New York's deal flow is the highest in the nation, but competition from well-capitalized PE firms means sellers often receive multiple offers. Buyers need experienced counsel to structure competitive bids while protecting their downside.
The New York metro area has over 200,000 businesses with employees, creating one of the deepest acquisition target pools in the country. The region's talent density and infrastructure make post-acquisition integration smoother than most markets.
New York's Bulk Sales Act (UCC Article 6) has been repealed, but buyers must still conduct thorough due diligence on successor liability under state tax law, as the Department of Taxation can hold buyers liable for a seller's unpaid taxes.
A structured, methodical approach to letter of intent law
We review the proposed terms or your acquisition goals, identify leverage points, and develop a negotiation strategy that positions you for a successful deal.
We draft a new LOI or mark up the existing one, structuring binding and non-binding provisions to protect your interests while keeping the deal moving forward.
We negotiate key terms including purchase price structure, exclusivity periods, due diligence timelines, and closing conditions directly with the other side's counsel.
Once terms are agreed, we finalize the LOI and ensure both parties understand which provisions are binding, which are aspirational, and what happens next.
We carry the negotiated LOI terms into the due diligence phase and definitive purchase agreement, maintaining consistency and momentum through closing.
"The LOI is where leverage is won or lost. Once you sign a poorly structured letter of intent, you've already conceded negotiating positions you didn't even know you had. The purchase agreement just documents what the LOI already gave away."
Enforceable with three-pronged reasonableness test
Entity mergers and conversions require filing with the New York Department of State. Tax clearance certificates are required for asset purchases (Form AU-196.10). New York City requires separate business filings for city-level taxes. Foreign entities must obtain authority to do business.
Submit your transaction details for a preliminary assessment by our managing partner.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Common questions from Great Neck clients
Submit your transaction details for a preliminary assessment by our managing partner
Submit Transaction DetailsIn-depth guides to help you prepare for your transaction
Key provisions and structure for an acquisition letter of intent.
Read guideUnderstanding the binding and non-binding elements of each document.
Read guidePractical guidance on structuring term sheets for acquisitions.
Read guideHow exclusivity provisions work and what buyers should negotiate.
Read guideOur managing partner provides selective letter of intent law counsel for transactions nationwide. Submit your transaction details for a preliminary assessment.
Submit transaction details for review. We engage selectively with capitalized buyers and sellers.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Selective M&A practice - Nationwide reach - Managing partner on every deal