This template is a Letter of Intent to Purchase Assets, where parties to a potential asset purchase agreement memorialize the preliminary understanding they have reached on certain key transaction terms early in the negotiating process. This template includes practical guidance, drafting notes, and alternate clauses. Click here to see recent examples of publicly filed asset purchase agreements in Market Standards - M&A. A letter of intent may be based on a term sheet that is negotiated by the parties. A letter of intent is usually non-binding in whole or in part. Binding terms may include expense reimbursement, exclusivity, dispute resolution and entire agreement clauses. Non-binding terms usually include transaction specific terms that need to be fully documented in definitive agreements before they become binding. Note that this template may be customized to reflect the ultimate transaction. For a full listing of related asset requisition content, see Asset Acquisition Resource Kit, ...