Letter Of Intent Template To Purchase A Business

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Letter Of Intent Template To Purchase A Business

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Letter Of Intent Template To Purchase A Business (1)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
Subject:
This Letter of Intent (“LOI”) sets forth the understanding between the Buyer and Seller regarding the proposed acquisition of [Business Name] located at [Business Address].
1. Purchase Price:
The Buyer proposes to acquire the business for an estimated purchase price of [Amount], subject to adjustments based on further due diligence.
2. Due Diligence:
The Buyer will conduct a comprehensive due diligence process following the acceptance of this LOI, which will include a review of financials, legal documents, and operational aspects of the business.
3. Exclusivity:
The Seller agrees not to negotiate or enter into any agreements with other potential buyers for a period of [Number] days from the date of this LOI.
4. Closing:
The parties aim to finalize the purchase agreement and complete the acquisition by [Proposed Closing Date], contingent on successful due diligence and obtaining necessary approvals.
5. Confidentiality:
Both parties agree to maintain the confidentiality of all negotiations and information exchanged during this process.
6. Governing Law:
This Letter of Intent will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]
Letter Of Intent Template To Purchase A Business (2)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
Purpose:
This Letter of Intent (LOI) outlines the proposal for the acquisition of [Business Name] by the Buyer.
1. Proposed Transaction:
The Buyer intends to purchase the business for an estimated price of [Amount], subject to adjust based on the results of due diligence.
2. Due Diligence Process:
The Buyer will have a period of [Number] days to conduct due diligence and verify all representations made by the Seller.
3. Non-Binding Agreement:
This LOI is non-binding, except for the confidentiality provisions and exclusivity terms outlined herein.
4. Timeline for Closing:
The intended closing date for this transaction is [Proposed Closing Date], pending due diligence and necessary approvals.
5. Confidential Nature:
Both parties agree that the details of this LOI and subsequent negotiations remain confidential.
6. Applicable Law:
This agreement shall be interpreted under the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]

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Please complete the form below to create the Letter Of Intent Template To Purchase A Business. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Letter Of Intent Template To Purchase A Business

1. Buyer Information


2. Seller Information


3. Business Information


4. Purpose of Letter of Intent

5. Terms and Conditions

6. Due Diligence Period

7. Confidentiality Agreement

8. Exclusivity Period


9. Signatures and Acceptance

10. Declaration and Signatures



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Letter Of Intent Template To Purchase A Business

Printable | Editable Form

PDF 1 PDF 2

Letter Of Intent Template To Purchase A Business