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Letter of Intent To Purchase A Business

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letter of intent 

Letter of Intent To Purchase A Business - Asset Purchase

File Type: Word          Price: $9.99          Add Letter of Intent To Cart:

                               

Summary: Use this professional quality letter of intent to formalize your intent to buy a company via an asset purchase (as opposed to a stock purchase.) This extremely thorough letter of intent contains all of the necessary language specific to an asset purchase such as valuation of inventory, valuation of receivables, etc. Contains "Seller's Covenants" to assure the seller will continue to operate the business consistent with past practices during the time of negotiations, a due diligence provision, a confidentiality provision, etc.

(See other letters of intent below)

 

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Other Letters of Intent:

Letter of Intent To Lease Commercial/Retail/Office Space   (see more details>>)

Letter of Intent To Purchase Real Estate   (see more details>>)

General, Multi-purpose Letter Of Intent   (see more details>>)

Letter of Intent To Purchase A Business - Stock Purchase   (see more details>>)

Related Products and Documents:

Asset Purchase Agreement   (see more details>>)

Secured Term Loan Agreement   (see more details>>)

 

This is only a portion of the complete letter of intent. This "preview" of the letter of intent is intended to give you a preview prior to purchase and download.     Return To Top Of Page             Add To Cart      

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On Buyer Letterhead

Date

[name]

[address]

Letter of Intent To Purchase The Assets of [Company Name Here]

Dear ____________

 

This letter of intent sets forth our understanding as to the proposed terms of the sale to ________________ (the "Purchaser") by ___________________ (the "Seller") of the Seller's business (the "Business") located in _______________ and engaged in ___________________________. This letter is not a binding or legally enforceable agreement and imposes no obligations upon nor grants any rights with respect to the acquisition of the Business to the parties hereto; the rights and obligations of the parties with respect to the acquisition of the Business will be set forthin a definitive agreement to be executed by the parties. However, the parties intend that the covenants contained in paragraphs 5-11 of this letter of intent be enforceable and binding; the rights and obligations contained in paragraphs 5-11 will inure to the benefit of the parties' successors and assigns. 

1. Purchased Assets and Assumed Liabilities. At the closing, the Purchaser will purchase substantially all of the assets associated with the Business, including all inventories, all accounts and notes receivable, and all contracts and agreements, and will assume as of the closing date only those liabilities and obligations (i) arising in connection with the operation of the Business by the Purchaser after the closing date, and (ii) arising after the closing date in connection with the performance by the  Purchaser of the contracts and agreements associated with the Business. 

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