영문 의향서(LOI, OPTIONAL PAYMENT AT SIGNING)

LETTER OF INTENT

문서서식포탈비즈폼

 

OPTIONAL PAYMENT AT SIGNING

 

Name and address of seller

 

 

Dear _____________

 

As you ar well aware, you and I have been negotiating seriously for some time for the possible acquisition of your business by (insert buying entity's legal name) or by an affiliate. One purpose of this letter is to confirm that we continue to be very seriously interested in having you, your people, and the business join us.

 

The other purpose is to state the agreement between us that, in order to give us time to proceed with our negotiations in an orderly fashion, and in consideration of our payment herewith to you of (insert amount), you will neither negotiate with nor discuss with any other person or entity the sale of all or part of your business listed below for a period of 90 days (the number of days is negotiable so insert the number you want) from the date hereof.  We will target a closing earlier han 90 days.  You and we will also keep our discussions concerning the proposed transaction strictly confidential.

 

Prior to our signing a definitive agreement, a series of steps will need to be accomplished including, among other things financial of terms, obtaining financing, audit of financial statements, and a detailed review of the business.

 

Briefly, we contemplate a transaction whereby the purchase price for percent of the capital stock of (insert name of seller's business and any subsidiaries includable in the acquisition) will be (insert dollar amount) cash-equivalent (or cash and notes or the number and description of capital shares of the buyer to be issued).  In addition, we expect to have a profit sharing/bonus plan for you and key people wherein (insert a brief description).

The (insert amount) paid herewith will be applied against the purchase price at closing.  If closing does not take place due to our actions, you may retain this sum.  If the closing does not take place due to your actions or because of misrepresentations by your, you must return such funds to us within 15 days of our request in writing.

 

Please acknowledge your agreement with the contents of this letter by dating and signing the enclosed copy and returning it to me.

 

 

 

Very truly yours.

(Name and title)

 

 

Agreed to on ________________________

 

_______________________________________

(Name)

 

_________________________________________

(Company)