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How To Write LOI's And Term Sheets: An Executive's Guide To Drafting Clear Legal Documents Before Bringing In The Lawyers Paperback – April 3, 2009

2.8 out of 5 stars 5 customer reviews

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Editorial Reviews

About the Author

Jonathan Handel, a former computer scientist, is an attorney practicing technology and entertainment law at TroyGould in Los Angeles. His law practice focuses on the intersection of entertainment and technology, including new media. He holds an A.B. magna cum laude in Applied Mathematics (Computer Science) from Harvard College, and a J.D. cum laude from Harvard Law School. Handel has been interviewed on television, radio and in newspapers and online over 600 times. The Daily Journal legal newspaper named him one of the top 100 attorneys in California in 2008, citing his extensive media appearances regarding strikes and labor disturbances in Hollywood and the degree to which he helped shape coverage of those stories. Handel has published op-ed pieces in the Los Angeles Times and elsewhere, and blogs extensively on the Huffington Post and jhandel.com. He welcomes feedback on this book, and can be reached at jhandel@att.net.
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Product Details

  • Paperback: 30 pages
  • Publisher: CreateSpace Independent Publishing Platform (April 3, 2009)
  • Language: English
  • ISBN-10: 1441475788
  • ISBN-13: 978-1441475787
  • Product Dimensions: 5 x 0.1 x 8 inches
  • Shipping Weight: 2.9 ounces (View shipping rates and policies)
  • Average Customer Review: 2.8 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #434,201 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Kindle Edition Verified Purchase
Generally speaking, not so excided, but still acceptable in terms of the price. it does not go any furhter re important terms, nor does it provide any vivid example. it should be ok for a beginner who just wants to know what an LOI or term sheet is.
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Format: Kindle Edition Verified Purchase
This is a short but powerful guide. It's sort of a checklist, except that the author explains each point. He also assists in helping you to write clearly to avoid misunderstandings, and to avoid confusion over issues. With business issues being so complicated today, LOI's are more sensible and even necessary for business executives. Until you have a deal in principle, you aren't going to spend a fortune on a law firm drafting a massive offer to purchase. It wouldn't even make sense--too many unresolved issues. This way, using an LOI drafted with the assistance of this guide, you can submit a letter outlining your proposal. If it gets accepted in principle, then you can go to the lawyers for more specific and detailed contracts. A hidden benefit: if it's a real estate deal, or financing deal, you are usually required to give a good faith deposit with your contract. Here, with the LOI, there's no deposit. Since you'll have a clause whereby both sides agree to negotiate the formal contract in good faith, you have effectively tied up the asset without a dime! That's a tremendous benefit, especially if you don't have the large deposit that some deals require. If your LOI gets accepted in principle, you have time during the negotiating ofthe formal contract, to dig up the deposit.
So the LOI is indispensable for wheeler-dealers. This guide is indispensable for LOI users. Same idea of terms sheets. For those of you who might complain that there are no precedents or sample LOI's or terms sheets in the ebook, I partially concur. That's why I give it a 4 out of 5. But the author would have had to put in a ton of precedents for different situations, and expose himself to greater liability if a precedent on your niche was not applicable and you had problems.
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Format: Kindle Edition Verified Purchase
Nothing there in this not substantial book. I must write an additional 13 words in order to write this review.
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Format: Kindle Edition Verified Purchase
If you know absolutely nothing about writing LOIs and TSs - or legal docs in general - this might be a good start.
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Format: Paperback Verified Purchase
Not as useful as I had hoped.
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