Most letters of intent include a lock-up agreement.

Name: Most letters of intent include a lock-up agreement.
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Most letters of intent include a lock-up agreement, which is a provision that requires the recipient of the letter to refrain from negotiating with other parties for a specified period of time. This gives the sender of the letter time to complete due diligence and finalize terms of a potential agreement.

Most Letters of Intent Include a Lock-Up Agreement