What are some of the post-LOI "landmines" people have experienced?

November 12, 2021
by a searcher from The University of Michigan - Stephen M. Ross School of Business in Columbus, OH, USA
We're about to enter into LOI on a business and in an effort to try and avoid things going south (to the best of our ability), I'd love to hear some of the reasons other searchers or individuals with experience in the space have watched deals fall apart before reaching the finish line...
from Stanford University in Bellevue, WA, USA
from University of Pennsylvania in New York, NY, USA