VIEWS: 420 PAGES: 2 CATEGORY: Asset Purchase Agreement POSTED ON: 6/29/2011
This is a simple "Letter of intent" for small business acquisition.
Letter of Intent THIS AGREEMENT is entered into by and between hereinafter referred to as Seller and BizDevDNA, hereinafter referred to as Broker. Seller agrees to sell through the sole and exclusive services of BizDevDNA, (type of business)____________________________ a business known as (name)______________________________, located at (address) __________________________ (city)_______________________ (state)__________. The sales price under the agreement shall be allocated as follows: $_________________ Total Sales Price $ _________________Existing financing to be assumed by buyer. $ _________________By Promissory Note of Buyer to Seller for_____ months at____ % interest with equal monthly payments if $____________ . $ _________________Other SALES PRICE ALLOCATION: The total sales price of $___________________ shall be allocated to the various assets of the business as follows: Equipment and Fixtures $______________ Leasehold Improvements $______________ Inventory of Goods at Cost $______________ Covenant not to Compete $______________ Business Trade Name $______________ Goodwill $______________ Other: $______________ Other: $______________ Seller hereby appoints Sutton Business Investments, Inc. (Broker) the sole, exclusive and irrevocable right to sell, exchange, lease or otherwise dispose of the above described business, assets, rights and property or any portion thereof (and the term "Business" as used herein shall be deemed to refer to all or any portion thereof), during the period from_________ , 2011 to and including _____________, 2011 (the "Selling Period") for the price and on the payment terms set forth above or for any other price and payment terms acceptable to Seller; and Broker shall endeav
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"Exclusive Broker Agreement between broker and seller of a small business"Please download to view full document