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.
The Significance of a Letter of Intent Sample. A letter of intent shows the information that parties have agreed on so that the information is clear to them. The use of this type of letter is widespread and it is almost like a written contract but it is not binding. It states that a person or organization intends to take part in a certain action. If a person or organization wants to get a guide on how to make a good letter of intent, they can get a letter of intent sample, which is available at many online sites.