I had a project recently where the director was lifelong friends with a break_out star, who had committed to doing the film. The agency was non_committal. Why? Because the agency didn't want to tie_up a month of the actor's time for a measly million bucks, when they could be getting 5┦x that from a studio for the same time slot. At the end of the day, a lot of money and time was spent pre_selling territories and shoring up the financing, only to have the star drop out, under target CAA's ('er I mean a random agency's) pressure.
Are You Properly Formalizing Your Business Intentions in a Proper Letter of Intent? Not having a properly drafted letter of intent may lead to loss of business as well as ambiguity in setting out the proposed terms of an intended sale. After all, when thinking of buying a business, the intentions to buy should be clearly set out at the very beginning.