Document background
A Letter Of Intent To Sell Template is a crucial preliminary document used in England and Wales when a party wishes to formally express their intention to sell property or assets. It serves as an important stepping stone between initial discussions and a formal sale agreement, typically including proposed price, timeline, and basic terms. While generally non-binding, it demonstrates serious intent and can include certain binding provisions such as confidentiality or exclusivity. The document is particularly valuable in complex transactions where detailed negotiations and due diligence will follow.
