Are you planning to make an offer to buy a business in Canada? Put your offer in writing with this Letter of Intent to purchase the assets and shares - but not the debt - of the business. Key points of the Letter of Intent include:

• 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 Canadian letter of intent to purchase assets and shares is in MS Word format, and is fully editable to fit your particular circumstances.