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Acquisition Letter of Intent

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shared by: William Glover on: Wednesday, January 01, 2014

A letter of intent is generally an agreement to agree. It outlines the terms between parties who have not formalized an agreement into a contract. Letters of intent are generally not binding and unenforceable.A letter of intent is a document in which one or more parties signify an intention to do or to refrain from doing one or several things. Letters of intent have been viewed as both binding and not binding.The value of letters of intent appears to be:• to obtain a preliminary agreement on a matter before full details are worked out,• to establish confidentiality of elements being negotiated, and• to agree on how negotiations shall proceed. Letters of intent have psychological value in somewhat committing both parties early; in other words, an agreement has been reached in principle. If made public, a letter of intent also serves as a signal to other interested or potential competing or hostile parties that the "deal has made.”This Acquisition Letter of Intent is a sample document between a purchaser and a seller used to outline the initial terms of the sale between two companies. The Letter of Intent details the purchase of stock, price, closing date, etc. and often helps streamline negotiations when the transaction is complex.


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