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    Letter of Intent to Purchase Assets and Shares but Not Debt


    Write a letter of intent to purchase the assets and shares of a business, but not its debt, with this downloadable and customizable template.

    • The LOI is only legally binding insofar as it relates to the negotiations being conducted between the parties with respect to the purchase.
    • 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.

    The Letter of Intent to Purchase Assets and Shares but Not Debt can be easily tailored to fit your particular circumstances. Why pay expensive legal fees when you can do it yourself with this easy template?

    Download Type: Microsoft Word
    SKU: 6310
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    Canada Letter of Intent Template


    Need a letter of intent but don't know how to create one? Use this easy Letter of Intent template for Canada.

    • A letter of intent clarifies the points of discussion between the parties prior to preparing a formal agreement, and indicates to lenders, customers, contractors and suppliers that the parties intend to complete the transaction.
    • The LOI is not legally binding for the most part, except for certain provisions such as confidentiality.
    • Both parties agree not to discuss with, or consider offers from, any other party the matters being negotiated between them so long as the letter of intent is in effect.
    • Each party agrees to pay a break-up fee as a penalty if the negotiations are terminated for any cause other than a breach of the LOI.
    • The template can be used anywhere in Canada.

    Get your copy of the Letter of Intent by adding it to your cart, purchasing the form through our secure checkout system, and downloading it to your computer or tablet.