Letter of Intent to Purchase Assets of Business

Are you in negotiations to purchase the assets of a business? Set down the terms of your offer in writing with this Letter of Intent template.

  • The letter of intent is not a contract and is not legally binding, except as it relates to the negotiations between the parties, such as confidentiality provisions.
  • In this template, the buyer intends to incorporate a new company which will purchase all of the assets and goodwill of the business from the seller.
  • The letter has a built-in expiry date, which will take effect if the parties fail to execute and deliver a formal Purchase & Sale Agreement within a specified number of days.
  • If the buyer is willing to proceed and the seller fails to go through with the transaction, the seller will pay the buyer's costs and a percentage of the purchase price as liquidated damages.
  • This is a generic template that can be used anywhere.
Document Type: Microsoft Word
Last Updated: 07-December-2023
SKU: 4531
$19.99
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