Jul 12, 2022

Health Professionals: Don't Sign a Letter of Intent Without Legal Review


"Physicians and other healthcare providers often consult with counsel when planning to sell their medical or other professional practice. Unfortunately, this consultation can occur after they have already negotiated and signed a letter of intent (LOI) with a potential buyer. Although many healthcare providers do a great job negotiating an LOI, too often they agree to be bound by unreasonable terms or fail to ask for essential terms simply because they do not know any better or do not fully understand the terms to which they are agreeing...."

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Medscape Medical News