Kirkland M&A Update Kirkland & Ellis LLP

M&A Update: Letters of Intent — Ties that Bind?

In this issue of Kirkland's M&A Update, partner Daniel Wolf discusses how a recent Delaware bench decision on a motion for a temporary restraining order offers a timely reminder of potential pitfalls for parties entering into letters of intent or term sheets with the expectation that they merely represent an unenforceable "agreement to agree."