Negotiate the terms of purchase of a Canadian business in this Canada Letter of Intent to Purchase Shares and Assume Liabilities of Business.
- The letter of intent is not a legal contract and is not legally binding, except as it relates to the negotiations between the parties.
- The parties agree that during the course of the negotiations, they will not entertain any offers from or conduct any discussions with any other party with respect to the subject matter of the letter of intent.
- The purchaser will acquire all shares and securities of the company, all shareholder loans, all assets and year to date profits of the business, and will assume all of the liabilities of the business.
- The parties also agree to mutual confidentiality provisions.
- Each party agrees to pay a break-up fee to the other party in the event that they break off negotiations for any reason other than by default by the other party.
This Canada Letter of Intent to Purchase Shares and Assume Liabilities of Business
is provided in MS Word format, and is fully editable to fit your specific needs.