J. Closing Date_The Closing Date should be stated as On or Before... the Closing Date to provide flexibility to parties involved. Unless there are stated terms to the contrary or "timeline contingencies", it should also be stated the buyer and seller agree that the buyer has exclusive right to purchase said assets up to and including the Closing Date.
Accounting Practice Sale _ Why Use a Letter of Intent in an Accounting Practice Acquisition? I have presented several webcasts in the past month and in all of them there have been questions about the use and value of a Letter of Intent (LOI) _ in our process this is typically a non_binding agreement that signifies agreement in principle on the core deal points and agreement to negotiate in earnest on all remaining items.