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This Letter of Intent is used to express the interest of an individual or business to purchase another business in its entirety. The non-binding letter sets forth the material terms and conditions of the proposed transaction including the purchase price, the assets to be acquired, and the liabilities to be assumed. Once the parties agree to the terms in the letter of intent, they must draft and execute a purchase agreement. This document provides a template for drafting a letter of intent and may be customized to fit the specific needs of the parties. This should be used by a party interested in purchasing a business.
"Letter of Intent to Purchase Business"