What Is a Letter of Intent to Purchase a Business?
A Letter of Intent to Purchase a Business is a written statement prepared and signed by the seller and purchaser of the business that indicates their intention to enter into a legally binding contract to transfer the ownership of the company. Although the letter is unenforceable and does not guarantee that the parties will go through with a proposed deal, it helps to speed up the process of negotiations, builds up trust between the seller and the buyer who are able to confirm their intentions to sell and purchase business, and informs the parties about the mutual expectations and requirements.
- Business Purchase Letter of Intent.
Browse the links below to download printable Letter of Intent to Purchase Business templates and samples. Every Letter of Intent to Purchase Business template is customizable, which means you can not only find the document suitable for your particular situation but also add and delete sections and parts of the letter you deem important or irrelevant.
Letter of Intent to Purchase Business Types
- Generic Letter of Intent to Purchase Business. Complete this template to enter the names and addresses of the prospective seller and purchaser of the business entity, state the value of the company, and record the most appropriate method of payment. If you are sure the transaction will go through, you may certify this letter has a binding effect on the parties.
- Sample Letter of Intent to Purchase Business. This document will be useful as a reference if your goal is to sell and buy the ownership interest in the company. You will have to identify the parties to the proposed deal, state the purchase price, indicate what will be included in the transaction - the real estate, equipment, materials, copyrighted property, and include the essential provisions of any similar contract such as termination, confidentiality, and exclusivity.
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Interested in purchasing a business? Send a Letter of Intent to Purchase a Business to the owner to signify your intention to buy.
This letter indicates the intention to enter into a binding contract to transfer the ownership of a company.
This is a formal statement that can be used as a reference when one business wishes to express their interest in financing a project, investing in joint property, purchasing the entire company or some of its assets, or working together towards a common goal with another business.
The prospective buyer of a business may use this letter as a reference to inform the current owner of the company about their wish to buy the valuable resources of the business.