Fillable PURCHASE LETTER OF INTENT

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PURCHASE LETTER OF INTENT

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The PURCHASE LETTER OF INTENT form is 2 pages long and contains:

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  • 10 check-boxes
  • 29 other fields

Country of origin: OTHERS
File type: PDF

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PURCHASE LETTER OF INTENT
______________________
______________________
______________________
Effective Date: ______________________
______________________
______________________
______________________
RE: Purchase of ______________________
This purchase letter of intent (the “Letter of Intent”) represents the basic terms agreed upon by
the Buyer and Seller. After this Letter of Intent has been made, a formal agreement may be
constructed to the benefit of the Parties involved.
I. The Buyer: ______________________ (the “Buyer”).
II. The Seller: ______________________ (the “Seller”).
III. The Product or Service: The Buyer intends to purchase the following:
☐ Product: _____________________________________________________ (the “Product”).
The Buyer intends to purchase ____ unit(s) of the Product at $__________ per unit.
☐ Service: ______________________________________________________ (the “Service”).
The Buyer intends to purchase the Service for a fee of $__________ plus additional expenses
related to the Service (if any).
IV. Purchase Price: The subtotal for the Product or Service is $__________. The total
Purchase Price after tax is $__________.
V. Payment: The Purchase Price shall be paid in the following manner:
☐ Cash
☐ Check (No. ______________________)
☐ Credit (Card Information: ____________________________________________)
☐ Other: ____________________________________________
VI. Financing: The Buyer has made it known that this Letter of Intent is ☐ conditional ☐ not
conditional on their ability to obtain financing.
If this letter is conditional on financing, it shall be under the following terms:
____________________________________________________________________________.
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VII. Binding Effect: This Letter of Intent shall be considered: (Initial and Check)
_____ - ☐ Binding – Therefore, the parties acknowledge that remedies at law will be
inadequate for any breach of this Letter of Intent and consequently agree that this Letter of
Intent shall be enforceable by specific performance. The remedy of specific performance shall
be cumulative of all of the rights at law or in equity of the parties under this Letter of Intent.
_____ - ☐ Non-Binding – Therefore, the parties acknowledge that this Letter of Intent is not
enforceable by any Party. The terms outlined herein are solely for the purposes of reaching an
agreement in the future, of which Buyer and Seller are not bound.
VIII. Currency: All mentions of money or the usage of the "$" icon shall be known as referring to
the US Dollar.
IX. Governing Law: This Letter of Intent shall be governed under the laws by the State of
___________________.
X. 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 _________________________________.
SELLER
Seller’s Signature ______________________ Date ______________________
Print Name ______________________
BUYER
Buyer’s Signature ______________________ Date ______________________
Print Name ______________________
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PURCHASE LETTER OF INTENT

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Completed 12 August 2021

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