The rubric Letter of Intent is oft-used, but frequently constitutes a misnomer with troubling consequences for counsel and client alike. These consequences sometimes arise because there is confusion both in the legal and business communities about what the term really means; i.e. that a true Letter of Intent's enforceability and legal effect stand between that of a pure contract and a mere Expression of Intent, which is unenforceable.
In this program, Morris Nunes begins by clarifying the distinctions between Contracts, Letters of Intent and Expressions of Intent and explains the circumstances when each is most appropriate. Next, Mr. Nunes details the essential elements to form a Letter of Intent as distinct from the other forms. The program concludes with a discussion of how attorneys can avoid misinterpretation of these related agreements, to ensure effective and efficient application of each.
I. Recognize that the term Letter of Intent can be misleading and must be used with care
II. Distinguish between Contracts, Letters of Intent and Expressions of Intent
III. Explain when and when not to use a Letter of Intent
IV. Understand how to draft a proper Letter of Intent when a Letter of Intent is desired
V. Prevent a Letter of Intent from being misinterpreted as a Contract
Morris A. Nunes is an attorney in private practice, with over thirty years of experience. His practice is concentrated in businesses and associations, real estate, taxation and financial matters. He is admitted to the bar in Virginia, Maryland and D.C. and several appellate Courts, including the U.S. Tax Court and U.S. Supreme Court. His clients are concentrated in privately held businesses, non-profits and trade associations. Maury is regularly consulted by other firms on tax and financial matters, as well as by CPA's.
Maury holds a law degree from Georgetown University, where he concentrated on taxation, business law and real estate. He completed undergraduate work at the University of Pennsylvania, where, as a Dean's List student, he set a sort of academic record earning two degrees, with three majors in only four years: a Bachelor's in Business Science from Penn's Wharton School with majors in finance and accounting, plus a B.A. in political science.
Maury teaches as an Adjunct Professor at Catholic University's Columbus School of Law and in Georgetown University's MBA Program. His Law School teaching has included courses on Agency, Partnership & Fiduciary Law, Land Transactions and Legal Accounting. He has also taught law at Georgetown University Law Center. Under that School’s aegis he was asked to design and teach what has become Law for Managers in Georgetown's McDonough Business School MBA Program, which led to his switch to the MBA faculty. He regularly speaks to business, professional and academic groups on legal, business and taxation topics. Maury hosted and produced "General Counsel" a 42-segment cable-TV show.
He is the author of five books on business and legal subjects, including Basic Legal Forms for Business, The Right Price for Your Business and Balance Sheet Management, as well as dozens of articles, appearing in different professional and financial publications. He has written minicomputer programs for investment and tax analysis, and holds a patent on a food storage device. He has also served as an expert witness on financial, legal and real estate matters in a variety of cases.
In 1995 he was appointed by Virginia's Governor Allen as a member of its Virginia Board of Professional and Occupational Regulation, which oversees regulation of commercial activity in the State. In 1997 he was elected the Board's Chairman and reappointed by Governor Gilmore in 1999, remaining as Chair until his term expired in 2003. In 2001 he received the Patrick Henry Award from the Governor for outstanding board service. He is also active in several charitable and community organizations.
Wonderful and knowledgeable speaker. His knowledge and practice tips will be very useful in my work. More like this!
One of the best courses ever! Informative and clarifying!!!
Very well done programmingam.
The written materials are much appreciated. Thank you.
Excellent, clear, comprehensive, well organized and engaging presentation! I learned a lot!
Excellent presenter. Please bring him back!
Good review and insight on documents (LOI's) that some of us prepare frequently.
very good well paced presentation
Very well presented.
Good work, Mr. Nunes. Thank you.
The person giving this program was one of the better presenters out of all included in my package.
Appreciated the sample LOI cover
Excellent, very organized & presented.
Practical and to the point!
One of Lawline's best presenters. Thank you.
Surprisingly clear and interesting.
An interesting and detailed presentation that is very well done.
excellent content and presentation
excellent! thank you for your services!
good concise survey of this topic.
Basic nuts and bolts information. Materials were good and helpful
Highly useful; right to the point.
Very clear presentation. Substantive.
Great presentation. Would take other courses from this speaker.
Great presentation. Learned a lot
Great class and speaker!
He is just as great in CLE instruction as he was when I took his class in law school. Very informative as always!
Well presented program and very interesting.
This was a very well organized and thoughtful presentation. I found it very informative and helpful.
Very good program
Very well done!
very good refresher on LOIs
I believe this particular seminar should be required for all corporate attorneys as well as all officers, directors, and partners of a company and/or partnership. It was outstanding both substantively, from a legal perspective, and from a practical point
Great Course and well presented.
This was great.
Very comprehensive, and well presented.
Excellent presentation on an important subject.. Well worth the time.
Well structured presentation
Excellent presentation. I learned a lot.
Very good presentation on a topic that other lecturers made boring.
Mr. Nunes was an excellent presenter.
Mr. Nunes was excellent.
clearly presnted and informative
Nunes is always class
excellent program thank you
Focused on a single topic, which was good.
INformative and on point to what I was looking for.
One of your best programs so far
learned some new things
Well informed presentor
I really appreciated Mr. Nunes's explanation of the taxonomy of non-contracts. Many thanks. Also, thanks to Lawline for the additional instruction for getting my paused program to resume where I left off.
useful subject, great presentation
It was an interesting topic and provided information that I did not have previous knowledge of.
I would have liked for him to mention a court case or two that dealt with letters of intent.
Very informative overview
Good detail level
Another excellent program from Mr. Nunes. Highly recommended.
Great seminar. Wish it could've been 30-60 minutes longer!
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