Avoiding the Pitfalls of Letters of IntentSarah Fox, 500 Words Ltd

In this session:

Letters of Intent

► Is your letter of intent a contract? ► Why you should use them? ► What not to do ► How to avoid 3 key risks

4 critical contents

What do you need for a contract?

Just speed… nothing else

Why use them?

Get distracted

What not to do

Get the full contract signed

What to do

Avoid 3 key risks

1. Avoid ‘no contract’2. Avoid misunderstandings3. Avoid being negligent