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Use a Letter of Intent if: You want to take serious steps towards negotiating the purchase of all or part of a company. You want to secure your interest in a company and request that the sellers exclude negotiating with another buyer.

Go with one of the classics, because they're used for a reason. If you sound too stiff and formal, it comes off like a holiday card. If you reiterate your call to action, it can carry a whiff of desperation. Just get out gracefully and quickly once you've said your piece.

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