VIEWS: 3,166 PAGES: 6 CATEGORY: Drafting Legal Forms POSTED ON: 10/19/2007
This is a letter of intent between a potential purchaser and seller of a particular company. This letter of intent is not binding and does not require the parties to complete the transaction. Rather, the true purpose of a letter of intent is to memorialize terms the parties have already agreed upon and to show that the potential purchaser has a genuine interest in the transaction. This letter of intent should be used by parties who are in the process of negotiating the sale and purchase of a particular company or business.
"Confirmation of Agreement"