A business letter of intent can be used in a number of situations including a commitment to purchase something, usually a business. It is also referred to as s Memorandum of Agreement (MOA) or Memorandum of Understanding (MOU).
All parties to the transaction, Type of deal structure , Price , Payment structure, Non_compete ,Transition plan ,Closing date ,Contingencies (i.e. due diligence, financing, etc.) ,And identify other items to be negotiated.