Buying a Business Letter of Intent

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.