Simple Letter of Intent to Purchase Business

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 terms of purchase agreement in a non-binding manner, however, it is the first step to a purchase agreement between the parties. The letter covers the acquired assets, the purchase price, assumed liability, covenants and warranties, the due diligence period, confidentiality and non-competition, exclusivity, public announcements, liability for expenses, indemnification, and allows for both the buyer and potential seller to sign the same LOI. Ultimately, the execution of this Letter of Intent by all parties can lead to a legally binding contract that is executed at closing, when the consideration for the purchase price is tendered to the seller.

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. This Non-Binding Letter of Intent can be customized and should be used as a sample Letter of Intent that will be tailored to the specific needs of the buyer and seller. This LOI can be accompanied by a term sheet if the specific purchase terms are to be communicated in more detail.