We need to finalize your CIM, because we have a client under an NDA to send it to, and if we can get to an LOI, they’ll go right to a PSA and close in 60 days!
Without understanding what role each of these documents play in the dealmaking process, two things could happen:
1. You could waste a lot of time and money negotiating things that have little consequence
2. Or, you could brush past something that will cost you a lot of time and money down the road.
Neither of those sound preferable...
Avoid that fate and check out this guest post from Robert Drumm, an attorney at Van Osdol and a deal document pro.