Letter of Intent – Acquisition of Business

About this template:

This particular letter is used to assist in articulating the terms of a letter of intent-acquisition of business. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (Letter of Intent) sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the Business) carried on by yourselves. Except as specifically set forth herein this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business including the warehouse in [CITY] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately.

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