Letter of Intent to be used when a Buyer wishes to express interest to purchase the assets of a business from a seller.

Form Outline:

Date
Name of Seller
Address of Seller
Dear Sirs/Mesdames:

This will express the intention of Name of Buyer (the "Buyer") to purchase from Name of Seller (the "Seller") all of the assets used by the Seller in the operation of its Brief Description of Nature of Business being sold (ie. retail store) business carrying on business under the name "Trade Name of Business" (the "Business") from its location Address of Business being sold (the "Premises"), upon the following terms and conditions:

Purchased Assets
Purchase Price
Closing Date
Formal Asset Purchase Agreement
Bulk Sales Legislation
Representations and Warranties
Employees
Effect of this Letter of Intent

Please sign the enclosed copy of this letter of intent and return it to us on or before Date, as confirmation of the status of our negotiations. We will then instruct our lawyers to commence drafting the Asset Purchase Agreement.

Yours very truly,

NAME OF BUYER
Per:
	Name: Title:

Confirmed this _____ day of _________________, 20____

NAME OF SELLER
Per:
	Name: Title:

Purchases and Sale Forms