A Letter of Intent can be used for different reasons, for example, when seeking employment when initiating a business transaction, etc. This guide concentrates on the later use, especially in the sale of a business.

So, are you wondering how to go about the process of buying a business in its entirety or some of its assets? Look no further; we have compiled important information here that will empower you with the necessary knowledge needed to draft a letter of intent. The guide also expounds on the legal importance of having a letter of intent.

You will also get to know if a letter of intent is legally binding.