Stipulations allowing buyer to adjust the purchase price in the event that: 1) undisclosed liabilities come due after settlement, and 2) actual inventory purchased does not match amount specified in sale agreement. Provisions that the business passes any and all necessary inspections, Provisions that final sale is contingent on verification of financial statements, license and lease transfers, Provisions that final sale is contingent on obtaining financing for purchase, Restrictions on business operations until final settlement, Non_competition and advisory clauses (these are sometimes arranged in a separate document), Allocation of purchase price
But intentions are not binding contractual conditions. Nor need they lead up to binding contractual conditions. Moreover a letter expressing intent, in its form, does not adequately suggest what the appropriate response should be. Whereas a Request for Quotation / RFQ quite literally is a Request..