LetterOf Intent

PURCHASE LETTER OF INTENT

______________________ 

Effective Date: ______________________ 

______________________ 

Subject: Purchase of ______________________

This purchase letter of intent (the “Letter of Intent”) represents the basic terms agreed upon by the Buyer and Seller. If and After this Letter of Intent has been made, signed and executed, a formal agreement may be constructed to the benefit of the Parties involved.

In between:

1. Messers ______________________                   

i. (the “Buyer”).

2. Messers ______________________                   

i. (the “Seller”).

3. Product: 

a. That The Buyer intends to purchase the following product or products:

b. Product no1: __________________________ (the “Product”).

c. Product no 2: __________________________(the “Product”).

d. Product no3 : __________________________ (the “Product”).

e. Product no 4:  __________________________ (the “Product”).

4. Rate per unit:

a. The Buyer intends to purchase 0000 NUMBER OF unit(s) of the Product at the rate of PRICE__________ per unit.

5. Purchase Price: 

a. The subtotal for the Product __________. The total Purchase Price after inclusive of all applicable tax or taxes ex-factory / warehouse/  is __________.

6. Payment: 

a. The Purchase Price shall be paid in the following manner:

b. Cash 

c. Check  (No. ______________________ 

d. Other: __________________________

7. Financing:

i. The Buyer has made it known that this Letter of Intent is not conditional on their ability to obtain financing.

8. Binding Effect: 

i. This Letter of Intent shall be considered when signed and executed by the both parties: 

9. Non-Binding – Therefore, the parties acknowledge that this Letter of Intent is not enforceable by any Party. The terms outlined herein are solely for the purposes of reaching an agreement in the future, of which Buyer and Seller are not bound. 

10. Closing or Termination. 

The Transaction will be completed or settled on or before ____________________, 20______. This Letter will automatically terminate on such date if the Transaction is not completed. 

11. Currency:

All mentions of money or the usage of the "$" icon shall be known as referring to the US Dollar.

12. Governing Law: 

This Letter of Intent shall be governed under the laws by the State /country _____________.

13. Acceptance: 

If you are agreeable to the aforementioned terms, please sign and return a duplicate copy of this Letter of Intent by no later than _________________days of receipt.

14. Confidentiality. 

The parties agree to apply strict confidentiality to the existence and the contents of this Letter, including any information shared or obtained in accordance with this Letter.  

a. Note: this letter of intent is comprised of ____ pages.

Buyer’s Signature ______________________            Date ______________                       Name of the Buyer

Seller’s Signature ______________________    Date ______________             

Name of the Seller

. Confidentiality. The parties agree to apply strict confidentiality to the existence and the contents of this Letter, including any information shared or obtained in accordance with this Letter.  

 Closing or Termination. The Transaction will be completed or settled on or before ____________________, 20______. This Letter will automatically terminate on such date if the Transaction is not completed. 

 Governing Law. This Letter and all matters thereto shall be governed by and construed in accordance with the laws of the State of _________________, without giving effect to the conflict of laws principles.

Reference to the points above:

 If the services are required then the following description be added or replaced, as the case may be.

Service: ______________________________________________________ (the “Service”).

The Buyer intends to purchase the Service for a fee of __________ plus additional expenses related to the Service (if any).

If this letter is conditional on financing, it shall be under the following terms: ____________________________________________________________________________.

_____ - Binding – Therefore, the parties acknowledge that remedies at law will be inadequate for any breach of this Letter of Intent and consequently agree that this Letter of Intent shall be enforceable by specific performance. The remedy of specific performance shall be cumulative of all of the rights at law or in equity of the parties under this Letter of Intent.