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Re:I almost sold Baremetrics for $5M by s1artibartfast on Friday January 10, 2020 @08:02PM (#22017247)
This is fairly common in M&A and is called a "reverse termination or reverse breakup fee". In addition to the direct cost of having a deal fall through, you can imagine other damages from having a major competitor scrutinize your books.

Some notable reverse break up fees include: * a 6 Billion dollar fee AT&T incurred for failing to complete a purchase of T-mobile. * A 10 Billion fee (avoided) if Verizon backed out of buying Vodafone's stake in Verizon.

Re:I almost sold Baremetrics for $5M by einarvollset on Friday January 10, 2020 @09:56PM (#22017781)
Usually not at the LOI stage, no. The ones you quote a post purchase agreements I believe.