We hereby submit a letter of intent to purchase your business Rain Gutters R Us, its inventory and other assets. We envisage that the principal terms of the proposed transactions would be substantially as follows.
We would acquire Rain Gutters R Us including its facilities located at 123 Anywhere Street, its logo, brand, brand equity and customer lists. Furthermore, we would acquire all office and field equipment and inventory. As part of the deal, we would assume the current outstanding debt of $50,000.
As consideration for this, we would provide compensation of $400,000 as follows:
$50,000 deposit on execution of a purchase agreement
$100,000 after 15 day transfer period
Balance in equal payments paid monthly the first 6 months after closing …show more content…
We would also require that you not disclose our intent to purchase until after the purchase agreement has been completed and we can issue a joint press release.
This letter is not an official purchase agreement. All of the terms and conditions of the proposed transaction would be stated in the Purchase Agreement, to be negotiated, agreed and executed by both