Letter of Intent to
Purchase a Business

We offer you two different attorney-drafted letters of intent to purchase a business.

Letter of Intent to Purchase a Business - A letter of intent to purchase a business is used by the buyer and seller to determine whether there is sufficient agreement between them to proceed with the purchase and sale of a business. When a letter of intent to purchase a business is drafted, it normally sets forth the basic terms of the proposed transaction and is almost always non-binding.

The objective of the non-binding letter of intent is to make sure the buyer and seller agree on the major points of the purchase and sale of the business. In this way if there is a disagreement about the transaction, the buyer has not wasted time and money preparing a detailed purchase agreement.

Our letter of intent to purchase a business addresses the following topics:

• Purchase price

• Assets covered and delivery date

• Closing date

• Due diligence period

• Investigation of the business

• Consulting arrangement with owner or key employees

• Confidential information

• Releasing of public information

• Expenses

• Conditions to closing

Once the letter of intent is signed, the buyer will usually begin the due diligence period where they will examine the business of the seller with or without the help of a CPA and attorney. This period can last anywhere from 20-60 days depending on the agreed time frame between buyer and seller.


We offer you two different attorney-drafted letters of intent:

• A letter of intent to purchase the entire business

• A letter of intent to purchase just the assets of a business

Fast and easy checkout, available for immediate download after ordering. They are yours to use whenever needed for as long as you like. Technical support is available 7 days a week should you need help accessing your forms.