Business Purchase Letter of Intent Template
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When you are buying another business always include these two clauses in the Letter of Intent(LOI) and purchase agreement because my client was able to save $1,200,000 when he purchased a competitor 1- Always have 120 of due diligence. This gives you ample time to review everything and get the right financing in place 2- Have a clause that states the final purchase price= the agreed upon price or a third party appraisal(bank valuation) whichever is lower This will make sure you don’t overpay for
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