BLOG

“It’s just an LOI. It’s not binding.” Usually. But not entirely. A letter of intent, or LOI, is commonly used when parties are considering the purchase or sale of a business. It puts the basic terms of the proposed deal on paper before the parties invest significant time and money in due diligence and definitive agreements. Most LOIs expressly provide that the principal deal terms are nonbinding. In other words, signing the LOI generally does not mean you are required to comp

A few months ago, opposing counsel e-filed discovery requests in one of my New York cases. Why? I still don't know. Discovery requests are exchanged between the lawyers. The judge doesn't need them. Yet someone prepared them for filing, someone uploaded them, and everyone received another docket notification. It was a tiny thing. But it made me think about how easily legal work creates more legal work. I saw a much larger version recently in a multimillion-dollar business sal