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Outstanding Letter Of Intent To Sell Real Estate

017 Sample Letter Of Intent For Property 389116 To Sell Real Outstanding Estate

So let's sum things up:* The LOI and similar documentary terms, are non standard, confusing, and lead to ambiguity. * Documentary ambiguity is referred to in trade law as a condition "The Battle of the Forms" in which confusion from contradictory and ambiguous forms and documents damages the transaction. This should be avoided. * To seasoned corporate traders and bankers, using terms like "Letter of Intent" is the mark of amateurs. * What you properly want is an RFQ, request for quotation, from a seller or supplier. The seller may then reply to your RFQ with a quote OR full offer if they wish.

Beware of an individual or group of people who call themselves Investment Bankers or a Buying Group. When they cannot provide you with personal financial statements or a financial statement from their company, you have a very slim chance of ever closing the transaction. The seller should have a copy of the financial statement from the buyer attached to all offers.

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