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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.
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USA Exclusive Distributor Agreement
Set up your distributor network across various states by appointing exclusive distributors within defined territories under the terms of this Distributor Agreement.
- The distributor has exclusive rights to the territory set out in the Agreement, and non-exclusive distribution rights to specified areas outside the primary territory.
- The distributor must meet certain performance requirements and must comply with all licensing and other laws in the territory.
- If the distributor fails to meet its contractual obligations, the supplier has the right to take over the territory.
- Buy the form once, use it as often as you require.
You can use this Distributor Agreement template across all 50 states. Buy it, download it, and it's yours to use as often as you like.
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