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.
A Letter of Intent (LOI) shows that you are serious about a purchase or sale. Our form makes it simple for you to make a Letter of Intent for the future purchase of an entire company or part of a company.