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Posts Tagged ‘loi’

Offer to Purchase or Letter of Intent

PostDateIcon March 6th, 2010 | Author: Mitch Biggs



offer to purchase

Offer or LOI?

Both terms are used to describe an offer made to purchase a business.  An over-simplification of the definition of both documents is:  An Offer to Purchase is usually written in contract form and defines the price, terms and conditions of the sale, and is usually accompanied by an earnest money deposit.  A Letter of Intent (LOI) is usually written in… Click here to continue »

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PostCategoryIcon Posted in business legal, business negotiation, business tips | Tags: , , , , , | No Comments »
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