Assess Your Final Draft At this point, you're ready to send it off, either in the mail, handing it off, or sending it through the Internet tubes. Let's take a last look at the good examples put together, Jean's better draft.
This agreement is most often used in transactions involving a purchase. Sometimes two parties will know that they want to do a business deal together, but they aren't ready to sign an actual agreement. For example, they may agree that one party will sell his or her business for a certain price, but they do not yet agree on who will take on certain liabilities of the business. The parties can sign this document to show each other a good faith intention to work out a deal. It can also help parties get on the same page as to what they expect from the purchase.