Canada Letter of Intent to Purchase Business Assets


Negotiate the purchase of a Canadian business with this Letter of Intent to Purchase Assets of Business template for Canada.

  • A letter of intent is not a legal contract, except for certain provisions such as confidentiality clauses which prohibit either party from disclosing any confidential information belonging to the othe rparty.
  • The buyer is offering to purchase all of the assets and goodwill of the business from the seller.
  • If the parties fail to execute a formal Purchase & Sale Agreement within a specified number of days, the letter of intent will expire.
  • If the seller fails to go through with the transaction for no reason, the seller agrees to pay the buyer's costs and a specified amount as liquidated damages.
  • This template LOI can be used in any Canadian province or territory.

A signed letter of intent signals to other interested parties that you're already in negotiations to buy the business. Download the template and get it in writing now.

Download Type: Microsoft Word
SKU: 6345
Last Updated: 14-Apr-2016
Customers who bought this item also bought

Asset Purchase Agreement | Canada

Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.

  • The business is sold as a going concern, including assets, inventory and goodwill.
  • The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
  • The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
  • .....

Ontario Purchase Agreement for Assets of Operating Company

Acquire the assets of an Ontario corporation with this Purchase Agreement for Assets of Operating Company.

  • The seller (vendor) sells the assets of a company to the purchaser and the purchaser assumes the company's liabilities as part of the purchase price.
  • The balance of the purchase price will be secured by a promissory note.
  • The parties agree to file joint elections under sections 22 and 97(2) of the Income Tax Act (Canada) and as required under the Onta.....

Ontario Offer to Purchase Business Assets & Shares

Have you decided to buy an established business in Ontario? You can write up your offer to purchase the assets and shares of the company with this downloadable template.

  • The offer is for the assets (excluding cash on hand and receivables) and the shares, but not the debt obligations of the company.
  • Upon being accepted, the offer automatically becomes a legally binding purchase and sale agreement.
  • The buyer will not assume any of the business liabilities ex.....