Asset Purchase Letter of Intent
The Asset Purchase Letter of Intent App provides a complete and customizable Letter of Intent for purchasing assets from a business.
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By default, the Letter of Intent indicates that the buyer is purchasing all of the assets of the seller/target company, however, this can be scaled by the purchaser. This LOI lays out a solid framework which can serve as term sheet, or lead to a term sheet, and ultimately a purchase agreement. The LOI has a contemplated purchase price, identifies all of the parties, sets the terms of the transaction, sets representations and warranties, provides a set of conditions preceding closing, and a time frame for closing to occur. This app has fields that can be easily filled in that identify the parties to the asset sale, present a purchase price based upon the negotiations that led up to the LOI, cover assumed liabilities, and allow for a time frame for access to information and records as a part of the due diligence process. The letter generated by this app represents a good faith tender offer as a part of a business transaction.
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