Canada Letter of Intent to Purchase Software Licenses

Negotiate the terms of an agreement to purchase software licenses with this Canada Letter of Intent template.

• The purpose of the Letter of Intent is to finalize the terms of a purchase agreement between a developer or publisher who holds the licensing rights to the software and a party who will purchase the licenses for resale to end users.
• The number and price of licenses to be purchased are detailed.
• The parties will not solicit or entertain any other offers for the purchase of the licenses unless and until negotiations between them have been terminated.
• The purchaser agrees to pay a breakup fee if negotiations are terminated for any reason other than default by the licensor.
• Both parties agree to keep all information exchanged between them confidential, and to continue to negotiate in good faith until either a definitive agreement is executed or the letter of intent expires.