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What exactly is a Business Purchase Letter of Intent or LOI?
What exactly is a Business Purchase Letter of Intent or LOI? This seems like a very scary document but actually it's not. Technically, a business purchase letter of intent is really a non-binding agreement that says "I would like to buy your business for an asking price of $XXXX with contingency stipulations A, B, and C but first I want to take a closer look at your business". Again, it seems complicated but it's really a very simple semi-legal looking document that gets the ball rolling. So let's take a look aT this very important document that protects the buyer while spelling out due diligence items, the initial offer and many of the details that will eventually be part of the final purchase agreement.

Other purchase agreement Related Articles

Sales Agreement
The sales agreement is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intent to purchase of the business, assets, customer lists, intellectual property, and goodwill.
Sales Agreement
The sales agreement is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intent to purchase of the business, assets, customer lists, intellectual property, and goodwill.
Make the Most of the Franchise Agreement
The market has been studied, the category chosen and now you're ready to sign the paperwork to purchase a franchise. Here's some of what you'll encounter in the franchise agreement
Sample Non Disclosure Agreement
An intermediary should always sign a confidentiality or non-disclosure agreement (NDA). It is a 1 to 5 page document that acknowledges you have sensitive information that if released could harm your business and it should not be shared. Venture capitalists, however, will not normally sign a confidentiality agreement. They see so many companies in the same industry that they cannot sign one agreement and risk not being able to invest in other potential good deals.
Franchise Agreements The Basics
What you need to look for when you want to start a franchise and are ready to sign the franchise agreement. So you’ve taken all the appropriate steps; you’ve researched, asked questions, found out about the competition, scouted locations and lined everything up. Now it’s time to sit down and sign the franchise agreement. But before you do, there are several things you need to know. The franchise agreement will be the bedrock of your business, and success (or failure) may lie somewhere inside all those conditions and terms. A smart franchisee will read the franchise agreement very carefully, making sure they understand everything within it. Here are some of the most commonly misunderstood or potential problematic areas you need to be aware of:

There Are Deals To Be Done in 2009
A client called me last week, right in the midst of the doom and gloom with which we ended the year, and asked if I could review a purchase and sale agreement for a commercial building. Wonderful, I thought... not only is there a Santa Claus, there are transactions being done in spite of all odds!

What exactly is a Business Purchase Letter of Intent or LOI?
What exactly is a Business Purchase Letter of Intent or LOI? This seems like a very scary document but actually it's not. Technically, a business purchase letter of intent is really a non-binding agreement that says "I would like to buy your business for an asking price of $XXXX with contingency stipulations A, B, and C but first I want to take a closer look at your business". Again, it seems complicated but it's really a very simple semi-legal looking document that gets the ball rolling. So let's take a look aT this very important document that protects the buyer while spelling out due diligence items, the initial offer and many of the details that will eventually be part of the final purchase agreement.

Boats Loans Calculator - A Useful Tool For Boat Finance
A boat loans calculator is a useful tool to have available. If you are thinking about the purchase of a boat then you may planning very carefully about the several finance selections presented to you. If you are like most of us then you will be considering any type of fiscal agreement like a marine lease or boat loans.

COLLECTIVE NEGOTIATION OF FRANCHISE AGREEMENTS - A Non-Legislative/Non-Litigious Solution to Many of Problems
An increasing number of franchise systems are now entering into a cycle of renewal. The dilemma currently faced by renewing franchisees is either to: (i) sign the new franchise agreement as presented, without negotiation; or (ii) "get out of the business," as most franchisees are subject to a 1-3 year covenant not to compete when the franchise agreement ends. Neither alternative is reasonable. Many franchise agreements provide that when it ends, the franchisor can take over the franchisee’s lease, taking over the franchisee’s telephone numbers, take over the franchisee’s customer list and perhaps giving the franchisor the right to purchase the business assets for an unfair price such as book value. . The franchisee has not bought a business creating equity for the future but the franchisee has merely leased the business for 10 years.
When selling a business - What is a Seller Earn Out?
An earn out is a kind of payment agreement that is often used in seller financing. With an earn out agreement, the seller usually receives part of the total purchase price upfront, and the additional funds in a certain duration of time. The terms of an earn out are usually included in the sales contract. The earn out may also be structured in many ways. Earn outs are usually complicated and legal consult is required to ensure that both parties are well served equally by the said agreement. The seller earn out may be used as the seller financed portion or perhaps an addition a seller note.

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