PRODUCER: Hey Jeff, I've got a great project with Hugh Jackman attached. JEFF: Sounds good __ who can I call to confirm his attachment. PRODUCER: I've already taken care of that for you _ here's a letter of intent from his manager. JEFF: Hmm, how old is this? There's no date on it. PRODUCER: Not that long ago, and besides, the point is Jackman is VERY interested in my script. JEFF: You don't need a letter of intent for that. PRODUCER: Why not? I don't understand.
L. A simple but sometimes overlooked item. Include language that allows the LOI to be signed in counter_parts. Again, this is a small item but it can save you days in the process. A Letter of Intent is a terrific tool for helping to get your transaction off to good start and moving it toward closing more efficiently. While the information above certainly isn't exhaustive, it provides a great platform. As stated above, always consult the proper professional before acting.