What a letter of intent is, what it typically includes, and why it matters before due diligence begins.
What This Article Covers
This SellBusiness resource focuses on letter of intent business purchase . The source content brief identifies the following key areas for this article.
Purpose of an LOI
Binding vs non-binding terms
What to include
What happens after signing
Businesses for Sale
Core marketplace intent — buyers and sellers of businesses in general.
Related Topics
This information is general in nature. Business purchases, sales, financing, tax, legal and commercial real estate matters can vary by transaction. Professional advice should be obtained where appropriate.