Draft Letter of Intent in Washington for Food & Beverage Business
Draft
Letter of Intent
Washington
Business
Food & Beverage
Less than a week
$850 - $1,000 (Flat fee)
2 bids
Lawyers that Bid on this Letter of Intent Project
Contract, E-Commerce Attorney & Dispute Resolution Specialists
23 years practicing
Free consultation
Other Lawyers that Help with Washington Projects
Other Lawyers that Help with Letter of Intent Projects
Attorney and Founder at Danielle D. Giovannone Law Office
16 years practicing
Free consultation
Other Letter of Intent Postings
Draft Letter of Intent in Alabama for Business Supplies & Equipment Business Draft Letter of Intent in California for Food & Beverage Business Draft Letter of Intent in California for Restaurants Business Draft Letter of Intent in Colorado for Business Draft Letter of Intent in Delaware for Import & Export Business Draft Letter of Intent in Georgia for Business Draft Letter of Intent in Texas for Oil & Energy Business Review Letter of Intent in Michigan for Health Care Business Review Letter of Intent in New York for Dental Business Prepare & File Letter of Intent in Delaware for Consumer Services BusinessForum Questions About Letter of Intent
Letter of Intent
Texas
Can a buyer back out of a purchase agreement?
I am trying to sell my company and the buyer has gone silent. We have top terms agreed to and a LOI signed, but we have not put a purchase agreement in place yet. Can they legally back out if we have a LOI signed?
Michael S.
With the caveat that I am a Pennsylvania and not Texas attorney, most LOI's are non-binding, unless the LOI itself provides otherwise. A lawyer would need to review the LOI to determine whether the deal can be enforced. Mostly likely, however, it cannot be enforced.
Letter of Intent
Ohio
What is the purpose of a letter of intent?
I am buying a small business and have read I should put a letter of intent in place. I see they can be binding and non-binding. Why do I need to send a letter of intent? What is the benefit for the buyer?
Donya G.
A letter of intent establishes the initial negotiations of the parties; they are typically non binding. The LOI sets out what the parties should expect the agreement would look like, so that everyone is on the same page. For the buyer, it tells the seller what they want; and while no binding, it should only include terms that the parties agree upon. Those terms will be used in the Asset Purchase Agreement (APA) or Purchase and Sale Agreement (PSA) which is binding. As an attorney that focuses on the purchase and sale of businesses, I can assist you with the LOI as well as the documents required for purchasing the business and closing the deal. Donya Gordon