Products tagged with 'letter of intent template'

You're in the process of negotiating the purchase of a business. It's in your best interests to put the understanding in writing with this USA Letter of Intent to Purchase Business Assets.

• The LOI template can be used anywhere in the United States.
• The assets being purchased include intellectual property, tangible property, know-how and goodwill.
• The template includes a section for purchase price adjustments for such items as uncollected receivables and inventory writedowns.
• The transaction can only be completed once a number of conditions precedent have been met, such as obtaining any required governmental approvals, licenses or permits, and completion of a satisfactory due diligence review.
• The seller will not participate in any discussions or negotiations with any other party while the letter of intent is in effect.
• Put a Letter of Intent in place to make sure that your discussions with the seller are not circumvented or interrupted.
• Intended to be used only for transactions governed by the laws of the United States.

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.

When buying a large real estate property for development, there is work that needs to be done or financing that needs to be in place before the transaction is complete. That's when you need this Letter of Intent.

• The Letter of Intent indicates to the seller, the lender, contractors and suppliers that you are committed to complete the deal.
• The LOI outlines the conditions that the buyer and seller have negotiated and are willing to put in writing.
• The purchase would be conditional upon the buyer obtaining sufficient mortgage financing to cover the purchase price of the property.
• Available as a downloadable and customizable MS Word document.
• This template can be used anywhere in Canada. Quebec law may require a French version.

Set out the terms of agreement for a purchase of commercial real estate in Canada with this template Letter of Intent.

A Letter of Intent (LOI) is used to outline the preliminary terms and intentions for the purchase of commercial real estate in Canada. Signing this document serves as a signal to lenders and contractors that the parties intend to move forward with the transaction. This step allows for an early start on site development, construction, and financing activities prior to the execution of the formal purchase and sale contract.

Summary of Discussions

The LOI serves as a summary of the discussions that have taken place between the vendor and purchaser up to this point. It formally records the preliminary agreements and mutual understandings of the parties regarding the transaction.

Vendor Obligations

The vendor is responsible for providing the purchaser with all documentation related to the property. This includes documents concerning any leasehold tenants. These materials must be delivered early enough to give the purchaser adequate time to review them before the closing date.

Purchaser Requirements

Prior to the transaction closing, the purchaser must be satisfied with both the document review and the physical inspection of the property. Additionally, the purchaser must be able to secure sufficient financing to complete the purchase.

Applicability and Format

This LOI template can be used for commercial real estate transactions in any Canadian province or territory (with the possible exception of Quebec). It is available in MS Word format and is intended strictly for properties located within Canada.

Negotiate the terms of licensing certain technology for research and development purposes with this Letter of Intent.

• The licensor will sponsor research to further the development of the technology, and may offer consulting positions to some of the licensee's research and development personnel to further its business interests.
• The licensee will pay an up-front license fee, and a royalty on all sales of products or services covered by the patent rights related to the technology.
• The licensor will diligently pursue and protect all patent rights.
• Closing of the transaction is conditioned upon a number of factors, including the licensee being able to obtain the necessary financing.
• The Letter of Intent itself is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations between the parties.
• The purpose of the Letter of Intent is to ensure that the licensor and the licensee both have the same understanding of the terms discussed.
• The Letter of Intent to License Technology for Development template can be used in most countries and is fully editable to fit your specific circumstances.

Set out the terms of an offer to buy preferred stock in a US company planning an initial public offering with this Letter of Intent to Purchase Preferred Stock.

• The proposed transaction would see the investor purchasing preferred stock convertible into shares of common stock at any time. The preferred stock would be subject to mandatory conversion in the event of a Qualified IPO.
• Non-cumulative dividends will accrue on the preferred stock. Upon conversion into common stock, all dividends would be canceled. In addition, the company will create an option pool of unallocated shares to attract and provide incentives for key employees.
• The Letter of Intent is intended solely as a basis for discussion, not as a legal contract, and it is not legally binding except as it relates to the negotiations between the parties.
• This form is provided in MS Word format and is fully editable to fit your circumstances.
• Prepared for use in the United States, but the template can be adapted for other countries.