What should I include in a "Due Diligence" Clause when purchasing a property? Quick Legal Disclaimer: I am not an attorney. This is not legal advice, nor should be construed as such. This is for informational purposes only. Laws vary from state to state and you should seek professional legal advice when necessary. OK, I think we have made our lawyers happy now.
The Road to Hell is Paved With Hugh Jackman's Letter of Intent. There really is no benefit to seeking letters of intent from actors (or their reps). Producers hate asking for them, reps hate writing them, and financiers ignore them. They're usually out of date. They're not binding, nor are they conditional to anything that's relevant. And yet, they still rampantly persist within indie producing and packaging.