Health Care attorney Robert T. Harper and Corporate Finance attorney Thomas M. Thompson — both shareholders at Buchanan Ingersoll & Rooney's Pittsburgh office — will participate in an upcoming Pennsylvania Bar Institute (PBI) course. "Letters of Intent and Confidentiality Practices in Business Acquisitions," will be presented in various locations in Pennsylvania beginning Thursday, February 5, 2009.
Providing a vital bridge between mere discussions and a binding contract, the letter of intent is a preliminary agreement that states the proposed terms for a final contract and indicates intent by both parties to move forward to complete the transaction. But, without care and counseling, the letter of intent can become a potentially dangerous trap for the unwary. Similarly, ignoring the ins and outs of confidentiality agreements, particularly in this era of virtual due diligence, can leave both the buyer and target exposed.
Offering a lively blend of overview and how-to, the course will be taught by experienced mergers and acquisitions attorneys who will share their winning strategies for using letters of intent in business acquisitions.
The course will first take place on February 5 at the PBI Professional Development Conference Center in Pittsburgh. One week later, on February 12, the course will be presented again, this time at the The CLE Conference Center in Philadelphia. A live webcast of this presentation will be aired on PBI's website. In addition, a simulcast will be aired in three locations: at the Bucks County Bar Association in Doylestown; at the Westmoreland IU 7 Auditorium in Greensburg; and at the PBI Conference Center in Mechanicsburg.
All presentations will take place from 8:30 a.m. to 12:15 p.m.