What are the contents of the letter of intent? The letter of intent shall specify whether the purchaser will be buying up all or a substantial amount of the assets of the business and will, in addition, only acquire those liabilities that are part of the operations of the business subsequent to the closing date.
4.Adjustments and pro_rations shall be made at Closing for rent, utilities, and property taxes. 5.Buyer must find acceptable financing for a portion of the purchase price. (could be a contingency) 6.Seller shall assist in delivering, and Buyer must receive, a lease agreement with rates and terms that are acceptable to the Buyer for the property at specified address.