What does a Letter of Intent regulate?

The Letter of Intent deals with the following:

  • Purchase Price and how it is going to be paid
  • What is being purchased
  • What will happen form the offer, to the signing of the Letter of Intent, to the Date of Closing, and thereafter
  • Arrangements in relation to the take-over of the business, i.e. employees, equipment, inventory, etc.
  • The closing date