Second, make sure you choose the right coaching staff. When a head coach from a university comes into your living room to sell you on why you should pick their school, they usually tell you everything you want to hear. But, can they be trusted to follow up on all of their promises? You want to make sure that early on you can develop a trust with the head coach.
Some Facts to Keep in Mind About The Letter Of Intent 1.) Don't accept an LOI that grants the buyer exclusive negotiation rights unless the Due Diligence period is short. 10┰ days of DD is sufficient for most small businesses. Some buyers will ask for exclusivity and a 2 month DD period. Your other prospects will eventually lose interest, leaving you with just one buyer. Then your one buyer will start asking for all sorts of concessions from you.