USA Letter of Intent to Acquire Stock (sellers to remain as consultants)

Are you planning to acquire all of the capital stock of a US company? Set out your intentions with this Letter of Intent to Acquire Capital Stock.

In this proposed transaction, the selling shareholders would be retained as consultants, on an as-needed basis, for a per diem rate plus reimbursement of out-of-pocket expenses. They would also be entitled to representation on the Board of Directors until the purchase price for the stock is paid in full.
The Letter of Intent is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations between the parties.
The purpose of the Letter of Intent is to ensure that the selling shareholders and the purchaser of the shares of stock all have the same understanding of the terms discussed.

This USA Letter of Intent to Acquire Stock (sellers to remain as consultants) is provided in MS Word format, and is fully editable to fit your circumstances.