Partner Stephen J. Siegel's article, “Effectively Using Letters of Intent in Real Estate Negotiations” is published in the Illinois Real Estate Journal. In his article, Steve explains the purpose of using LOIs and discusses several guidelines that the parties should abide by. He noted, “the parties’ failure to clearly express whether and on what terms a real estate LOI is intended to be binding and enforceable can lead to disputes, litigation, and unexpected outcomes.”

Link to article: http://bit.ly/2OVOiXL