Letter Of Intent Re: Acquisition Of Assets
CO.CD.03.03
This Letter Of Intent Re: Acquisition Of Assets is intended for use where the parties want to record the proposed basis of a purchase of a business by way of an asset sale (net assets), rather than a purchase of the company itself.
What does Letter Of Intent Re: Acquisition Of Assets do?
It sets out key points of the proposed transaction at an early stage, before the main asset purchase documentation is finalised.
What does Letter Of Intent Re: Acquisition Of Assets cover?
- Consideration based on net assets, with provision for a royalty arrangement where relevant.
- A proposed completion date.
- A joint audit.
- A list of assets and liabilities.
When should you use Letter Of Intent Re: Acquisition Of Assets?
Use this document where the parties want to capture headline deal terms for an asset acquisition while negotiations continue and the principal agreement is being prepared.
Letter Of Intent Re: Acquisition Of Assets is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.