The Letter of Interest for Business Purchase is a crucial initial document in the New Zealand business acquisition process, typically used as the first formal step after preliminary discussions between parties. This document serves to formally initiate the business purchase process while protecting both parties' interests under New Zealand law. It is particularly important in establishing the framework for negotiations and due diligence, while maintaining confidentiality and setting clear expectations. The letter includes key elements such as the potential purchase price range, due diligence requirements, and proposed timeline, all while adhering to New Zealand's commercial legislation, including the Contract and Commercial Law Act 2017 and Fair Trading Act 1986. While mostly non-binding, certain provisions like confidentiality and exclusivity (if included) are typically enforceable, making it an important stepping stone toward a formal purchase agreement.

1. Date and Address Block: Formal business letter heading including date and recipient's full business address

2. Introduction: Identifies the writer/interested party and clearly states the purpose of the letter

3. Business Identification: Clear identification of the target business, including legal entity name, location, and any relevant registration numbers

4. Expression of Interest: Formal statement of interest in purchasing the business and brief overview of the potential buyer's background

5. Preliminary Terms: High-level outline of key proposed terms including rough purchase price range if known

6. Due Diligence Request: General statement about the need to conduct due diligence and types of information that would be required

7. Confidentiality Statement: Brief statement about maintaining confidentiality of discussions and information

8. Next Steps: Proposed timeline and process for moving forward

9. Contact Information: Complete contact details for further communication

10. Closing and Signature: Formal closing, signature block, and name/title of signatory