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Letter of Intent to Purchase a Business

Document Type
Microsoft Word (Editable)
Pages
3
Price: KES 350
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Document Overview

A Letter of Intent to Purchase a Business is a preliminary document that outlines the main terms under which a buyer intends to acquire a business.
It serves as a good-faith expression of intent to proceed with the transaction, allowing due diligence and formal agreement drafting to follow.

Its purposes include:
1. Establishing key terms (price, payment structure, due diligence)
2. Demonstrating commitment by both parties
3. Preventing the Seller from negotiating with others (if exclusivity is included)
4. Laying the groundwork for a detailed Sale of Business Agreement

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