Fill and Sign the Letter of Intent Form

Letter of Intent or Memorandum of Understanding (General Form) regarding a Business Transaction being Negotiated This Letter of Intent reflects our understanding, at the present time, of certain preliminary discussions we have had concerning the (describe transaction in general terms such as the purchase of the assets of a company) and is intended to be an outline to assist us in preparing a definitive final agreement. This LOI is not intended to contractually bind either of us in any way, nor shall we be legally bound until an agreement, in form and content satisfactory to each of us and our respective counsel is fully executed by us. Neither party shall be entitled to rely upon this LOI nor any promises (whether oral or written) that may have been made or that may be made in the future, in connection with the negotiations pertaining to the (describe transaction in general terms such as the purchase of the assets of a company), except as may be contained in a fully executed final agreement. Execution of this LOI shall not obligate either party to accept any particular terms, but will preclude both parties from insisting on any terms that are inconsistent with those terms described in this LOI. It is expressly agreed that if a mutually acceptable final agreement is not agreed to and executed by both parties on or before (date) neither party shall have any further obligation to continue negotiating with the other. This letter of intent is confidential and shall not be disclosed to anyone other than the parties and their employees, attorneys and accountants and any lenders involved. 1. The parties to the Final Agreement are __________________________. 2. (Assets to be purchased, if any). 3. The purchase price shall be ______________________________.4. (A description of any financing that may be involved). 5. (Form of documentation such as warranty deed, bill of sale, etc.). 6. Name of law firm who will prepare the documentation). 7. (Any contingencies such as a due diligence investigation). 8. (Insurance and/or risk of loss provisions). Witness our signatures this the _____ day of ______________, 20____. ________________________________ ______________________________