Send a letter of intent

About this business activity

A Letter of Intent is a first step when purchasing a business, outlining key terms of the proposed transaction.

Letter of Intent

This Letter of Intent (LOI) can be used for any commercial transaction, such as confirming interest in a software product with a client. It is purposely kept lightweight and simple, where the key commercial terms can be filled in. It is not a legally binding document, but makes reference to a potentially future "Formal Agreement".

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Relevant Contract Types

πŸ“ƒ Letter of Intent

A letter of intent is a document that establishes the intent of the parties to enter into a contract. It sets forth the material terms and conditions of the proposed agreement, and is used to gauge the willingness of the parties to move forward with the transaction. A letter of intent is not a binding contract, but may be used as evidence of the parties' intent in the event of a dispute.

πŸ“ƒ Memorandum of understanding

A Memorandum of Understanding is a document that outlines an agreement between two parties. It is not a legally binding contract, but it is a way to make sure that both parties are on the same page and understand the terms of the agreement. The Memorandum of Understanding should include all of the important details of the agreement, such as what each party will do, what the timeline is, and what the consequences are if either party does not hold up their end of the agreement.

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Send a letter of intent

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BEB Contract & Legal Services

BEB Contract & Legal Services

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01604 217365

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Symes Bains Broomer Solicitors

Symes Bains Broomer Solicitors

Corporate law firm

01405 763853

Administration

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Financial services

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Davies and Partners Solicitors

Davies and Partners Solicitors

Corporate law firm

01454 619619

Administration

Data Protection

Financial services

IP

Investment

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