The Four Phases of a Deal: Phase 1; Pre-Deal

This first phase of the deal concludes with the mutual execution of the Letter of Intent (“LOI”) or Memorandum of Understanding (“MOU”).  The commencement of Phase I, like, as we’ll see for Phase IV, doesn’t have a “bright line” identifier.  Traditionally, the Pre-Deal Phase starts when principals undertake initial discussions of a potential deal.  Alternately, […]