Buying a Business Letter of Intent
This electronic Buying a Business Letter of Intent form streamlines the process of acquisition of one company by another.
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The letter outlines the mutual intent with respect to the potential transactions and purchase agreement between the purchaser, or buyer and the company, or seller to buy a business. The letter covers acquisition of stocks, and the purchaser’s employment agreements with certain key employees and executives. The terms discuss the parties successful due diligence, and the successful negotiation of a purchase price for the shares and assets. Other sections include Conduct in Ordinary Course, Contract of Employment, Expenses & Limitation of Liability, Public Announcements, Broker's Fees, and Exclusive Negotiating Rights and terms and conditions. The end of the letter describes that this is a non-binding agreement, and any deal is bound simply as a letter of intent.
Using a template at the top of the form, the transaction can be saved and executed by filling in only a handful of fields. Some fields recur throughout but do not need to be repeatedly filled in, thanks to specialized coding within the app which auto-completes fields. Signature and GPS fields deepen functionality. The form could be utilized within the real estate industry by realtors, businesses, those looking to buy a business, or those trying to acquire a prospective buyer.
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