Maryland non-compete enforcement and earn-out exposure
Restricted by salary threshold ($15/hr). Reformation available for overbroad covenants.
"An LOI is permission to look under the hood. Nothing more."
The letter of intent sets the terms that define your entire deal. Our Severna Park LOI attorneys draft, review, and negotiate letters of intent for business acquisitions across Defense, Healthcare, Finance, ensuring you lock in favorable terms and avoid costly surprises before you commit to due diligence.
Share the basics. Alex reviews every inquiry personally.
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
Alex Lubyansky handles letter of intent law work for buyers and sellers in Severna Park and across the country. Here is what that looks like:
We work best with people who know what they want and are ready to move:
Tell us what you are working on. We respond within one business day.
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
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.
We don't take every matter. Here is what happens when you reach out.
Alex reviews your transaction details personally. No intake coordinators, no junior associates screening your submission.
We evaluate whether your deal aligns with our practice. Not every matter is a fit, and we will tell you directly if it is not.
If there is alignment, Alex schedules a direct call to discuss your transaction, timeline, and objectives.
Before any work begins, you receive a written engagement letter with defined scope, timeline, and fee structure. No surprises.
Alex Lubyansky handles every letter of intent law engagement personally.
15+ years of M&A experience. Nationwide. One attorney on every deal.
We review every transaction inquiry within one business day.
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
Use these before you call any firm, including ours.
At many firms, a partner sells the work and a junior associate does it. Ask for the name of the attorney who will draft and negotiate your documents.
Volume indicates current, active deal experience, not just credentials from years ago.
A $500K SBA acquisition and a $50M PE deal require different skill sets. Make sure the attorney has handled transactions similar to yours.
M&A transactions require a team. Your attorney should work with your other advisors, not in a silo.
Reps, warranties, and indemnification claims surface months after closing. Ask whether the firm handles post-closing litigation or refers it out.
Hourly, flat fee, or hybrid. Ask what factors increase legal costs so there are no surprises.
Common questions from Severna Park clients
Submit your transaction details for a preliminary assessment by our managing partner
Submit Transaction DetailsSubmit transaction details and Alex will respond directly.
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
Baltimore's M&A market is powered by its Johns Hopkins ecosystem (the city's largest employer), defense and cybersecurity contractors serving nearby Fort Meade and the NSA, and one of the East Coast's largest port operations. The metro's healthcare and biotech sectors generate consistent deal flow, with Johns Hopkins spinoffs and CROs creating a pipeline of acquirable businesses. Baltimore's defense and intelligence community, centered on the Fort Meade-BWI corridor, drives cybersecurity and IT services transactions that are distinct from the broader D.C. government contracting market.
Baltimore's M&A market is bifurcated: defense and cyber companies command premium valuations due to security clearance requirements and sticky government contracts, while traditional manufacturing and services businesses are more moderately priced. Buyers with existing security clearances or facility clearances have a significant competitive advantage in this market.
Baltimore's position between Washington, D.C., and Philadelphia places it in one of the wealthiest corridors in the nation, with acquired businesses able to serve federal, commercial, and academic customers. The city's relatively affordable commercial real estate and revitalizing urban core offer upside potential that pricier neighboring metros cannot match.
Maryland's Bulk Transfer Act remains in effect and requires buyers in asset sales to comply with notice provisions to creditors, and the state's Noncompete and Conflict of Interest Clause Act prohibits non-competes for employees earning below $19.88/hour (adjusted annually), which affects workforce-heavy acquisitions in services and healthcare.
Local Market Context
Baltimore-Columbia-Towson, MD MSA · MSA population 2.9M
MSA Population (2024)
2.9M
U.S. Census Bureau
Top Industry Concentration
Baltimore's M&A market is anchored by healthcare, life sciences, and defense contracting, reflecting the presence of Johns Hopkins Health System, the University of Maryland Medical System, and major federal agencies including NSA and DISA in the surrounding region. Cybersecurity acquisitions tied to Fort Meade and the broader DC-Baltimore corridor are an increasingly active M&A segment. The Port of Baltimore is also a significant economic anchor.
Baltimore/Washington Thurgood Marshall International Airport serves the metro. Port of Baltimore is a major East Coast port for automobiles, heavy equipment, and bulk commodities. The port's auto-import volume was significantly impacted by the Francis Scott Key Bridge collapse in March 2024.
Recent Severna Park Deal Signal (2024-2025)
The March 2024 collapse of the Francis Scott Key Bridge disrupted Port of Baltimore operations and generated insurance, logistics, and construction M&A activity as the port recovery and reconstruction effort progressed through 2024-2025. Healthcare system consolidation in the Maryland market continued as well.
Source (accessed 2026-04-27)
Maryland Securities Division handles Blue Sky compliance. Maryland has a unique healthcare rate-setting system (HSCRC) that is relevant to hospital and healthcare system M&A in this metro.
Restricted by salary threshold ($15/hr). Reformation available for overbroad covenants.
Entity mergers and formations require filing with the Maryland State Department of Assessments and Taxation (SDAT). Annual reports and personal property returns are required. The Comptroller's office must issue a tax clearance for asset purchases.
Maryland State Bar Association. Voluntary bar. The Maryland Courts handle attorney admission separately.
Bar association websiteFederal districts: D. Md.
Business court: Maryland Business and Technology Case Management Program (established 2003) Specialized business and technology docket operating in multiple circuit courts (Baltimore City, Montgomery County, Prince George's County, Anne Arundel County, Howard County). Handles complex commercial litigation.
Maryland M&A is anchored by the government contracting corridor (Bethesda, Rockville, Annapolis Junction), cybersecurity, and healthcare/life sciences in the Baltimore metro.
Watchpoints
These are the items we see derail letter of intent law transactions in the Severna Park market. Each one is rooted in current statutory law, recent legislative changes, or recurring patterns from the deals Alex has handled.
Restricted by salary threshold ($15/hr). Reformation available for overbroad covenants.
"An LOI is permission to look under the hood. Nothing more."
Maryland Securities Division handles Blue Sky compliance. Maryland has a unique healthcare rate-setting system (HSCRC) that is relevant to hospital and healthcare system M&A in this metro.
Securities regulated by Maryland Office of the Attorney General Securities Division (marylandattorneygeneral.gov/securities). Maryland follows the Uniform Securities Act; Blue Sky notice filings required for Reg D. Maryland limits non-competes for employees below a wage threshold.
In-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 guideUse these tools to prepare for your transaction. Professional analysis at your fingertips.
Acquisition Stars represents clients across Maryland and nationwide. Alex Lubyansky handles every engagement personally.
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"Sellers prepare their financials for months. Then the buyer's QoE firm rewrites them in two weeks."
15+ years of M&A and securities transaction experience Senior counsel on every engagement Admitted in Michigan, practicing nationwide
Reviewed by Alex Lubyansky on . Read full bio
Alex Lubyansky handles every engagement personally. Tell us about your transaction and we will let you know if there is a fit.
Tell us about your deal. We review every submission and respond within one business day.
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
One attorney on every deal. Nationwide. 15+ years of M&A experience.