A Letter of Intent to Purchase Business is a crucial preliminary step in Canadian business acquisition processes, typically used after initial discussions but before detailed due diligence and final agreements. This document is essential when a potential buyer has serious interest in acquiring a business and wants to formalize their intent while maintaining flexibility. It outlines key terms such as proposed purchase price, exclusivity period, and due diligence requirements, while generally remaining non-binding except for specific provisions. The document must comply with Canadian federal and provincial requirements, including considerations under the Business Corporations Act, Competition Act, and relevant provincial legislation. It serves as a foundation for further negotiations and helps both parties align their expectations before investing significant resources in the transaction.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the potential buyer and seller, including full legal names and addresses
2. Background/Introduction: Brief context of the proposed transaction and purpose of the LOI
3. Business Description: Clear identification and description of the business being considered for purchase
4. Purchase Price: Proposed purchase price or price range and basic payment terms
5. Due Diligence: Outline of the due diligence process, timeline, and access requirements
6. Confidentiality: Terms regarding the confidential treatment of information exchanged
7. Exclusivity: Period during which the seller agrees not to negotiate with other potential buyers
8. Timeline: Proposed timeline for due diligence, definitive agreement, and closing
9. Binding/Non-binding: Clear statement of which provisions are binding and non-binding
10. Execution: Signature blocks and date
1. Transaction Structure: Used when there's a need to specify whether the transaction will be an asset or share purchase
2. Key Assets: Include when specific assets are crucial to the deal and need to be highlighted
3. Key Employee Provisions: Used when retention of specific employees is crucial to the transaction
4. Financing Contingency: Include when the buyer requires external financing to complete the purchase
5. Break Fee: Used in larger transactions where compensation for termination needs to be specified
6. Regulatory Approvals: Include when the transaction may require specific regulatory clearances
7. Post-Closing Cooperation: Used when transition services or post-closing support will be needed
1. Asset Schedule: Preliminary list of key assets included in the proposed transaction
2. Excluded Assets: List of assets specifically excluded from the proposed transaction
3. Key Contracts: List of material contracts that are crucial to the business
4. Required Consents: List of third-party consents needed for the transaction
5. Due Diligence Checklist: Preliminary list of documents and information required for due diligence
Find the exact document you need
Real Estate Purchase Letter Of Intent
A preliminary, typically non-binding document outlining proposed terms for a real estate purchase transaction in Canada, serving as a framework for negotiation and subsequent formal agreement.
Download
Merger And Acquisition Agreement
A Canadian law-governed agreement detailing terms and conditions for merging or acquiring businesses, ensuring compliance with federal and provincial regulations.
Download
Buyout Term Sheet
A preliminary document under Canadian law outlining key terms and conditions for a proposed acquisition or buyout transaction.
Download
Business Acquisition Agreement
A Canadian law-governed agreement documenting the terms and conditions for the purchase and sale of a business, including all essential transaction elements and regulatory requirements.
Download
Asset Purchase Term Sheet
A preliminary document under Canadian law that outlines key terms and conditions for an asset purchase transaction, serving as the basis for a definitive agreement.
Download
Asset Acquisition Agreement
A Canadian law-governed agreement documenting the purchase and sale of business assets, including terms, conditions, and regulatory compliance requirements.
Download
Acquisition Purchase Agreement
A Canadian-law governed agreement detailing the terms and conditions for the purchase and sale of a business, including price, warranties, and closing conditions.
Download
Acquisition Non Compete Agreement
A Canadian legal agreement that restricts sellers from competing with a business following its acquisition, structured to comply with federal and provincial requirements.
Download
Share Acquisition Agreement
A Canadian-law governed agreement documenting the sale and purchase of shares between parties, including transaction terms, warranties, and closing conditions.
Download
Letter Of Intent To Purchase Business
A Canadian-compliant preliminary document outlining the proposed terms and conditions for a business acquisition, serving as a framework for the final purchase agreement.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)