9.4 Letter of Intent to Purchase a Business (2 pages)

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A letter of intent is used when one company is offering to buy the business of another. It is intended to be a preamble or lead-in to the conclusive agreement. Again, it is advisable to consult an attorney when you prepare a letter of intent to purchase a business. It is less formal than a Memorandum of Understanding, see Form 9.5 below, and could be used to precede the latter, depending on the circumstances.
A Confidentiality Agreement between a Purchaser and Seller can be found in Section 7, Immaterial Property, Form 7. 1 1 .