Of course all of these items are important, and these are the details you should be thinking about before you make the Offer to Purchase. Why? More than likely you and the seller will not agree on everything. That is to be expected, so many of the items above, as well as other items, will need to be discussed and worked out. So what should you do?
Are You Properly Formalizing Your Business Intentions in a Proper Letter of Intent? Not having a properly drafted letter of intent may lead to loss of business as well as ambiguity in setting out the proposed terms of an intended sale. After all, when thinking of buying a business, the intentions to buy should be clearly set out at the very beginning.