The Seller agrees not to negotiate with other potential buyers for a period of [Number, e.g., 45] days from the date of this Letter.
A well-drafted LOI reduces friction and serves as the roadmap for the final Purchase Agreement. sample letter of intent to buy a business
Discuss how the LOI forces both parties to agree on a valuation early, preventing "deal fatigue" later. The Seller agrees not to negotiate with other
Both parties agree to keep the terms of this Letter and all shared information strictly confidential. sample letter of intent to buy a business