VW Blog

VDR Ch. 14, Part 2: Letters of Intent

November 1, 2017   |   By Vela Wood

Office Hours is a podcast hosted by Vela Wood venture attorneys Kevin Vela and Aaron Terwey covering general issues related to small businesses and startups. Venture Deals Review is a series of Office Hours episodes discussing the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson.

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In this episode, Kevin and Aaron review Chapter 14: “Letters of Intent—The Other Term Sheet” and discuss when to ask for a breakup fee, conditions precedent, and extended no-shop periods.

Related Content:

Venture Glossary:

You can find definitions and examples of terms found in the book and this podcast in our Venture Glossary.

What Now?

You’ll want to bookmark Venture Glossary as a quick reference for navigating the venture world. We love talking about startups, so follow us on Twitter. And feel free to email us at podcasts@velawoodlaw.com with any comments or suggestions!


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Vela Wood
Vela | Wood is a boutique corporate law firm that focuses on small businesses, entrepreneurs, and startups.