Scott Young More Sample Letters of Intent Thank you again for this opportunity and I look forward to seeing you again this summer. If you have further questions, I can be reached at (123) 456-7890. Please send me information that will help me get ready for the season including information about enrollment, housing and training. I am excited to put on the colors of the fighting lobos and begin practicing with you this fall.
I wanted to confirm to you in writing my intent to accept the football scholarship offered to me by Awesome University. If we are selected as a prospective buyer, we anticipate that from the selection date to the closing will take no more than 45 days. All of the terms and conditions of the proposed transaction would be stated in the Purchase Agreement, to be negotiated, agreed and executed by both parties. This letter is not an official purchase agreement. We would also require that you not disclose our intent to purchase until after the purchase agreement has been completed and we can issue a joint press release. Balance in equal payments paid monthly the first 6 months after closingĪs part of this letter of intent, we would require that you cease shopping for other buyers for a period no less than 60 days to provide us time to complete due diligence and finalize the agreement.$50,000 deposit on execution of a purchase agreement.As part of the deal, we would assume the current outstanding debt of $50,000.Īs consideration for this, we would provide compensation of $400,000 as follows: Furthermore, we would acquire all office and field equipment and inventory. We would acquire Rain Gutters R Us including its facilities located at 123 Anywhere Street, its logo, brand, brand equity and customer lists.
We envisage that the principal terms of the proposed transactions would be substantially as follows. We hereby submit a letter of intent to purchase your business Rain Gutters R Us, its inventory and other assets.
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