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"Rick Angel, our "go-to" counselor, zeros in on critical issues, creatively solves problems, understands and prioritizes my business needs, and masterfully negotiates deals. "
Frank Buckley, Urban Development Partners LLC

"Rick is a creative problem solver, a consummate negotiator and a strategic thinker, bringing more than just legal expertise to his client’s team."
Art Mazirow Attorney, Arbitrator and Real Estate Investor

"Rick understands the nuances of being an owner, and is able to negotiate 98% of all lease issues (allowing us) to focus our corporate energies on solving major issues and running other business operations."
Aric Browne, Managing Director, Ethan Christopher LLC

"Rick Angel is a highly skilled communicator and advisor who effortlessly translates legal issues into “bottom line” business terms, (using) his expertise and technology to move the transaction forward."
Robert Kleiman President, Structure Development Corporation

"We not only get valuable advice from a seasoned attorney, but we also receive guidance from a former business executive with organizational and operating experience at a publicly traded company."
Ron Claman, Managing Partner Aero Tech Properties and Investments LLC

"Rick and his staff's business-oriented, strategic approach saved us large sums of money and their legal fees were less costly than expected."
David Latona, Managing Director, Advanced Quality Logistics, LLC

"Rick stands out as one of the most effective and talented lawyers I have ever dealt with, bringing a rare ability to distill complex issues down to layman’s terms and frame their business impacts."
Christopher Bonbright, CEO Ramsey-Shilling Commercial Real Estate Services, Inc.

  • 8 Steps to Keep Your Letter of Intent Non-Binding

    You own commercial real estate and sign a letter of intent that contains the material deal points for your transaction.  At the end of the letter, it clearly states:  “Unless a formal agreement is entered into within 30 days of the date of this letter, this letter of intent shall be non-binding and of no further force or effect.”  Sounds clear enough. But be careful, you can be bound by a letter of intent, even if it states it is non-binding.  The two main issues used by courts to determine whether a letter of intent is binding or not are the parties’:

          •   Intent, as expressed in the letter of intent, and

           •  Actions, taken after the letter of intent is signed.

    Below are eight simple steps you can take, and a sample non-binding clause you can use, to help ensure that your letter of intent will remain non-binding:

         1. Language should not imply the existence of a binding agreement. Avoid using language that can be interpreted as creating a binding agreement.  Language included in a letter of intent such as “agree,” “offer,” “acceptance,” or “offer will be null and void if not accepted by xx/xx/xx"  may be interpreted as...[read more]

    Angel Law Offices - Commercial Real Estate Lawyers - Los Angeles | Denver | Boulder

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