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4 Best Intent Business Letter Samples

Sample Binding Letter of Intent

Prof. Ian Giddy, New York University

Ladies and Gentlemen:

This letter agreement sets forth our agreement and understanding as to the essential terms of the sale to ___________________ (the “Purchaser”) by ________________ (the “Seller”) of the Seller’s business (the “Business”), located in _______________ and engaged in ___________________. The parties intend this letter agreement to be binding and enforceable, and that it will inure to the benefit of the parties and their respective successors and assigns.

1. Purchased Assets. At the closing, the Purchaser will purchase substantially all of the assets associated with the Business, including all inventories, all intellectual property, all accounts and notes receivable, all contracts and agreements, all equipment, all legally assignable government permits, and certain documents, files and records containing technical support and other information
pertaining to the operation of the Business.

2. Assumed Liabilities. The Purchaser will assume as of the closing date only those liabilities and obligations (i) arising in connection with the operation of the Business by the Purchaser after the closing date, and (ii) arising after the closing date
in connection with the performance by the Purchaser of the contracts and agreements associated with the Business.

3. Purchase Price. The purchase price will be $_____, payable in cash in immediately available funds on the closing date.

4. Pre-Closing Covenants. The parties will use their reasonable best efforts to obtain all necessary third-party and government consents (including all certificates, permits and approvals required in connection with the Purchaser’s operation of the
Business). The Seller will continue to operate the Business consistent with past practice. The parties agree to prepare, negotiate and execute a purchase agreement which will reflect the terms set forth in this letter agreement, and will contain customary representations and warranties.

5. Conditions to Obligation. The Purchaser and the Seller will be obligated to consummate the acquisition of the Business unless the Purchaser has failed to obtain, despite the parties’ reasonable best efforts, all certificates, permits and approvals that are required in connection with Purchaser’s operation of the Business.

6. Due Diligence. The Seller agrees to cooperate with the Purchaser’s due diligence investigation of the Business and to provide the Purchaser and its representatives with prompt and reasonable access to key employees and to books, records, contracts and other information pertaining to the Business (the “Due Diligence Information”).

7. Confidentiality; Non-competition. The Purchaser will use the Due Diligence Information solely for the purpose of the Purchaser’s due diligence
investigation of the Business, and unless and until the parties consummate the acquisition of the Business the Purchaser, its affiliates, directors, officers, employees, advisors, and agents (the Purchaser’s “Representatives”) will keep the Due Diligence
Information strictly confidential. The Purchaser will disclose the Due Diligence Information only to those Representatives of the Purchaser who need to know such information for the purpose of consummating the acquisition of the Business. The
Purchaser agrees to be responsible for any breach of this paragraph 7 by any of the Purchaser’s Representatives. In the event the acquisition of the Business is not consummated, the Purchaser will return to the Seller any materials containing Due
Diligence Information, or will certify in writing that all such materials or copies of such materials have been destroyed. The Purchaser also will not use any Due Diligence Information to compete with the Seller in the event that the acquisition of the Business is not consummated. The provisions of this paragraph 7 will survive the termination of this letter agreement.

8. Employees of the Business. Until the consummation of the acquisition of the Business, or in the event that the parties do not consummate the acquisition of the Business, the Purchaser will not solicit or recruit the employees of the Business.

9. Exclusive Dealing. Until __________, the Seller will not enter into any agreement, discussion, or negotiation with, or provide information to, or solicit, encourage, entertain or consider any inquiries or proposals from, any other corporation, fire or other person with respect to (a) the possible disposition of a material portion of the Business, or (b) any business combination involving the
Business, whether by way of merger, consolidation, share exchange or other transaction. If for any reason the acquisition of the Business is not consummated, and the Seller is unable to enforce the provisions of this letter agreement, the Buyer will pay to the Seller a break-up fee which will equal the sum of 1% of the purchase price, and the Seller’s expenses in connection with the negotiation of the acquisition.

10. Public Announcement. All press releases and public announcements relating to the acquisition of the Business will be agreed to and prepared jointly by the Seller and the Purchaser.

11. Expenses. Subject to the provisions in paragraph 9 of this letter agreement, each party will pay all of its expenses, including legal fees, incurred in connection with the acquisition of the Business.

12. Indemnification: The Seller represents and warrants that the Purchaser will not incur any liability in connection with the consummation of the acquisition of the Business to any third party with whom the Seller or its agents have had discussions regarding the disposition of the Business, and the Seller agrees to indemnify, defend and hold harmless the Purchaser, its officers, directors, stockholders, lenders and affiliates from any claims by or liabilities to such third parties, including any legal or other expenses incurred in connection with the defense of such claims. The covenants contained in this paragraph 12 will survive the
termination of this letter agreement.

If you are in agreement with the terms of this letter agreement, please sign in the space provided below and return a signed copy to ____________________ by the close of business on _______________. Upon receipt of a signed copy of this letter, we will proceed with our plans for consummating the transaction
in a timely manner.

Very truly yours,

XYZ CORPORATION
By:_______________________
[Name and Title]
___________________________

ABC CORPORATION
By: _______________________
[Name and Title]

Source

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Business Letter Example of Intent

[Sub: Business proposal for a merger]

Dear Mr. Frederickson,

This letter is to confirm the mutual intent of a merger between The New Day Company and Davidson Enterprises Ltd. We have worked together for the last 15 years and there has been various ups and down which the two companies have worked together to sail through.

In this light, as per the conversation we had on the 20th of this month, we have documented the agreement for your perusal. We want the legal procedure to be in place and surely want the approval of the board of directors of both the company.

We recommend that you consult your legal advisor before taking any decision and signing the agreement.

Looking forward to the great opportunities together.

Yours Sincerely,

Mr. Davidson,

[Personal Sign]

[Company Seal]

Source

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Business Letter Of Intent

Ms. Julie Muscatelli

Good Buy Supplies

Bristol, Avon, Bs19 8db

June 27, 2010

Mr. Paul Blackstone

Liberty Lane, Bristol

Avon, Bs3 9tj

Dear Mr. Blackstone,

I Am A Sales Representative Of Good Buy School Supplies And I Would Like To Introduce To You Our Products. I Have Found Out That You Are Currently Looking For A New Supplier Of School Supplies And I Propose A Business Solution To End Your Search.

Our Company Is One Of The Top Suppliers Of School Supplies In The Country. We Believe In Excellent Service And Ensure That All Our Products Are Of High Quality. Our Wide Variety Of Products Allows You To Choose The Right Kind Of Product That Would Suit Your Needs. We Also Offer Custom-Made Products That You Can Avail At A Lower Price Compared To Other Suppliers.

I Wish To Discuss To You Our Products And Their Benefits Further Through A Meeting With You At Your Available Time. I Will Contact Your Office Within The Week To Confirm Your Reply.

Thank You.

Sincerely,

Julie Muscatelli

Source

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Business Letter of Intent

Business Letter of Intent is usually made by business personalities who intend to merge or do business with another business companion for the good of their businesses. This is a formal letter that needs to be convincing enough so that they can convince a certain business personality that they are worth being a partner in business.

From: Shira Kilgore

CEO, Imalaya Corporation

2532 Pratt Avenue

Vancouver, WA 98662

To: Mary Wurth

CEO, Simon Group of Companies

2655 Fowler Avenue

Chamblee, GA 30341

Sub: Business Intent Letter

Dear Ms. Wurth,

This letter is to confirm our company’s intention to do business in partnership with your company. The popularity of your company’s name and our quality products is really a great collaboration in the industry. For that, we can confidently say that our respective businesses will earn more than the expected or estimated profit annually.

Our company has been in the business for the last two decades and I can say that our business is very reputable and credible. We hope that these facts are enough for you to be convinced that we can work as business partners. Please don’t assume that our company is facing some sort of bankruptcy problems because we don’t.

We do hope that you will consider our fine intention. If you want to communicate with our company regarding this matter, please don’t hesitate to contact us in the numbers provided to you. Thank you very much.

Yours truly,

Shira Kilgore

Source

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    [...] 4 Best Intent Business Letter Samples | Business, Ideas and Samples Description : Business Letter Example of Intent. [Sub: Business proposal for a merger]. Dear Mr. Frederickson,. This letter is to confirm the mutual intent of a merger between The New Day Company and Davidson Enterprises Ltd. We have … http://businessoz.com/business .. [...]

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    [...] 4 Best Intent Business Letter Samples | Business, Ideas and Samples Business). The Seller will continue to operate the Business consistent with past practice. The parties agree to prepare, negotiate and execute a purchase agreement which will reflect the terms set forth in this letter agreement, and will contain …. We Also Offer Custom-Made Products That You Can Avail At A Lower Price Compared To Other Suppliers. … The popularity of your company's name and our quality products is really a great collaboration in the industry. …http://businessoz.com/uncatego .. [...]

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