Letter of Intent to Purchase Stock


Summary

This form is a Letter of Intent to Purchase Stock, where parties to a potential stock purchase agreement memorialize the preliminary understanding they have reached on certain key transaction terms early in the negotiating process. This form includes practical guidance, drafting notes, and alternate clauses.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 form may be customized to reflect the ultimate transaction.For more information, see Letters of Intent in Private M&A Deals, Letters of Intent in Public M&A Deals, and Term Sheets. For additional forms, see Letter of Intent to Purchase Assets, Letter of Intent to ...