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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
    Last Updated: 14-April-2016
    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.

    Mutual Release for Asset Purchase and Sale


    Whether you're selling or buying a business, it pays to protect yourself against claims by the other party with this Mutual Release for Asset Purchase and Sale.

    • The Release must be signed by both the purchaser and the seller.
    • Each party releases the other party from claims or demands with respect to the transaction.
    • This is a generic legal form which can be used anywhere.

    In today's world, it's always better to be safe than sorry. Buy and download the Mutual Release for Asset Purchase and Sale before you sign on the dotted line.

    Establishing an Offshore Structure for Canadians


    This in-depth article describes a variety of offshore structures available to residents of Canada, for the purpose of asset protection. In particular, opportunities in the Bahamas are discussed.

    The article provides a variety of information, including:
    • a summary of how each structure is established,
    • the purposes, advantages and disadvantages of each type of structure,
    • international business corporations,
    • settlement trusts,
    • international foundations,
    • universal life insurance,
    • international deferred compensation programs,
    • income stabilization plans,
    • individual and corporate funding methods.
    Establishing an Offshore Structure for Canadians is intended for residents of Canada, and is provided in Adobe PDF format.