Letter of Intent to Purchase Assets

Summary

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, and for a full listing of related private equity content, see Private Equity Transactions Resource Kit. For a full listing of related stock acquisition content, see Stock Acquisition Resource Kit. For a full listing of related private merger transaction content, see Private Merger Transaction Resource Kit. 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 templates, see Letter of Intent to Purchase Stock, Letter of Intent to Purchase, and Term Sheet (Stock Purchase) (Private Equity Buyer). For a guide to key drafting considerations when preparing an asset purchase agreement, see Asset Purchase Agreement Drafting Checklist. Market Standards - M&A enables users to search, compare, and analyze its comprehensive database of transactions using over 150 detailed data points to filter search results. You can customize any search to your needs by adding filters or modifying the search criteria. To compare selected state laws on asset sales and appraisal rights, see the Corporate and M&A section of the State Law Comparison Tool.