Purchaser will input into a -year employment agreement with, furnishing for the Business will be obligated for the buying of for Purchaser. This Letter of Intent also proves the commitment of both parties in relation to the following arrangements::ġ. The specified assets to be bought and the amounts to be expended by Purchaser in relation to this business remain to be agreed by the parties. Purchaser may buy or rent barrels and other devices presently possessed by the Business, which are important to handle the Business, on a cash or instalment basis depending on agreement of both parties.

The gross buying price for the said storage will be. Purchaser may either buy the storage outright or engage into a rent-to-own payments transfer of ownership which is best for both parties. Purchaser comprehends that the said storage has no additional fees or liabilities concerning it other than the same mortgage loan. It is suggested that Purchaser will get specific assets of the Company which Purchaser considers to be important for the future of the Company, to include the storage in in which the Business has committed in cash and which has been supported by a mortgaged loan of about offered by the. Excluding as particularly set forth herein, this Letter of Intent will not comprise the agreement between both parties and no agreement will be reckoned as present up till implementation of a defined purchase agreement. This letter known as “Letter of Intent” imposes the basal original terms between the Purchaser or his representative and yourself, in relation to the buying of the business, also known as the “Business” as represented by you. SUBJECT: LETTER OF INTENT TO ACQUIRE A BUSINESS Make haste and download the file today to start using this document in acquiring any business. Get a standard letter of intent that allows you full customization of the document to fit to your specific need.

Indicate purchase price and other conditions such as employment arrangements for employees of the business being acquisitioned. Get a clear picture of what the seller is offering such as specific assets and exclusions of the sale.

Provide an accurate definition of all inclusions and exclusions of a sale or acquisition of a business by making use of our Letter of Intent Acquisition of Business template.

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