Hansra LawToronto, ON · September 14, 2026What Are the Most Common Mistakes in a Letter of Intent?
Want to know the most expensive mistakes buyers make in a letter of intent? They’re rarely dramatic. Nobody forgets the price. What kills deals, or costs buyers six figures without anyone noticing until much later, are the small ones: making the whole document binding by accident, giving away exclusivity without a deadline, skipping the deposit terms, or conceding deal structure before the tax advice comes in. LOI mistakes have a way of following a deal all the way to closing, because sellers treat every concession as settled even when the document says non-binding. Here are the most common...
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