USA Letter of Intent to Purchase Assets and Shares but Not Debt

Are you in discussions to buy the assets of a US business? Put your offer in writing with this USA Letter of Intent to Purchase Assets and Shares but Not Debt.

• The letter of intent is not a legal contract and is not legally binding, except as it relates to the negotiations between the parties.
• The purchase will not include cash on hand and accounts receivable.
• The buyer will not assume the liabilities or obligations of the business.
• All pre-closing debts are to be paid by the seller.
• The seller will be responsible for preparing and filing the closing income tax return and for terminating all employees.
• The buyer will make employment offers to the employees after the Closing.

This USA Letter of Intent to Purchase Assets and Shares but Not Debt of a Business template is available in MS Word format, and is fully editable to fit your particular circumstances.