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A letter of intent (LOI) for the purchase and sale of all the issued and outstanding shares of a private corporation, drafted in favour of the purchaser. This Standard Document assumes a single corporate purchaser and a single corporate vendor.
An investment letter of intent (LOI) is used to express interest in purchasing partial ownership in a company or real estate. The letter presents the basic terms of the investor's proposal and acts as a mark of their commitment to proceed through negotiations to reach a formal agreement.
A Letter of Intent (LOI) is a short non-binding contract that precedes a binding agreement, such as a share purchase agreement or asset purchase agreement (definitive agreements). There are some provisions, however, that are binding such as non-disclosure, exclusivity, and governing law.
A letter of intent (LOI) is a written, nonbinding document that outlines an agreement in principle between two or more parties before a legal agreement is finalized. It is often used in business transactions, such as mergers and acquisitions, joint ventures and real estate leases.
This Letter of Intent to Purchase Stock (the ?Letter?) sets forth the proposed terms and conditions of the Purchase described hereunder and shall govern the relationship between the Buyer and the Seller (the ?Parties?) until replaced by a definitive, formal agreement addressing the same purchase and subject matter (the ...