Use our letter of intent to declare your intention to purchase.
Updated May 9, 2024
Written by Yassin Qanbar | Reviewed by Susan Chai, Esq.
A letter of intent to purchase is a written document where a buyer expresses their intent to buy a product or service. It outlines what will be purchased, the payment terms, and mutual agreements, such as confidentiality clauses. This letter allows both parties to confirm their interest in moving forward with the deal and ensure a mutual understanding before finalizing the purchase contract.
A letter of intent to purchase is used when both parties have agreed to enter a purchase agreement but aren’t ready for a final contract. It helps solidify their relationship while finalizing transaction specifics.
Serves as a preliminary agreement outlining the terms of a business sale between the seller and a interested buyer. You will need a Business Purchase Agreement to finalize the deal.
Used in commercial real estate transactions between a seller and a prospective buyer. You would need a Real Estate Purchase Agreement to complete the deal.
Used for the sale of personal property, such as cars, jewelry, or other individual items, between a seller and a potential buyer. You would also need a Personal Property Purchase Agreement to complete the deal.
A letter of intent to purchase should outline the critical details of the proposed transaction, including:
Both parties must sign and date the letter after completing these details.
Customize and download a free template in either PDF or Word format below.
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