Simple Company Letter of Intent Mobile App
The Simple Company Letter of Intent App is a form that allows an interested buyer in a company to make an offer on the company.
How does it work?
This app generates an LOI that serves as an initial offer for the acquisition of the company in a transaction between the buyer and seller. The letter is sent from a potential buyer to the seller of the subject company. The letter of intent lays out the prospective term of agreement in a non-binding manner, however, it is the first step to a purchase agreement between the parties. The letter covers the purchase price, the due diligence period and that the information gained during due diligence being subject to a non-disclosure agreement, the controlling ability of the terms of the purchase agreement to supersede the LOI, and information about the public announcement of the purchase of the company.
This app is an excellent way to generate an offer letter to purchase a business or company. When buying a company or company assets, it is important to consult with a securities attorney to ensure that any legal risks are mitigated.